https://www.taxtmi.com/caselaws?id=296607 The Adjudicating Authority granted a 90-day extension for the Corporate Insolvency Resolution Process (CIRP) under the Insolvency & Bankruptcy Code, 2016, from August 27, 2020, to October 15, 2020, excluding the lockdown period. This extension was sought due to delays in essential processes and the impact of the COVID-19 pandemic on the Corporate Debtor's operations. The Committee of Creditors (COC) unanimously supported the resolution for the extension, ensuring the total CIRP period did not exceed 330 days, excluding the lockdown period. en-us Wed, 09 Sep 2020 00:00:00 +0530 Fri, 30 Jul 2021 09:07:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=296607 The Adjudicating Authority granted a 90-day extension for the Corporate Insolvency Resolution Process (CIRP) under the Insolvency & Bankruptcy Code, 2016, from August 27, 2020, to October 15, 2020, excluding the lockdown period. This extension was sought due to delays in essential processes and the impact of the COVID-19 pandemic on the Corporate Debtor's operations. The Committee of Creditors (COC) unanimously supported the resolution for the extension, ensuring the total CIRP period did not exceed 330 days, excluding the lockdown period. Case-Laws Insolvency and Bankruptcy Wed, 09 Sep 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=296607