https://www.taxtmi.com/caselaws?id=412448 Liquidation period may be continued where completion within the prescribed two-year period is not possible and the liquidator supports the request with a report explaining the delay and further time required. The Tribunal noted repeated failure of e-auctions, absence of bidders, and disruption caused by the Covid-19 pandemic and lockdown restrictions, and found it just and proper to grant additional time. It also directed compliance with the prescribed model timelines for completion of liquidation. The liquidation period was accordingly extended for one year from the date of the order. en-us Tue, 03 Aug 2021 00:00:00 +0530 Sat, 18 Sep 2021 08:09:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=412448 Liquidation period may be continued where completion within the prescribed two-year period is not possible and the liquidator supports the request with a report explaining the delay and further time required. The Tribunal noted repeated failure of e-auctions, absence of bidders, and disruption caused by the Covid-19 pandemic and lockdown restrictions, and found it just and proper to grant additional time. It also directed compliance with the prescribed model timelines for completion of liquidation. The liquidation period was accordingly extended for one year from the date of the order. Case-Laws Insolvency and Bankruptcy Tue, 03 Aug 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=412448