https://www.taxtmi.com/caselaws?id=413762 The Tribunal granted an extension of the Corporate Insolvency Resolution Process (CIRP) period by 60 days, excluding the lockdown period from 10.05.2021 to 14.06.2021, totaling 95 days, with the CIRP now ending on 20.09.2021. The Resolution Professional faced challenges due to the Covid-19 pandemic, leading to delays in meetings and asset valuation. Despite conducting meetings via video conferencing, delays in the Resolution Plan submission necessitated the extension. The Tribunal emphasized completing the CIRP within prescribed timelines under the Insolvency and Bankruptcy Code, 2016, without specifying additional orders or directions. en-us Mon, 02 Aug 2021 00:00:00 +0530 Wed, 20 Oct 2021 09:11:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=413762 The Tribunal granted an extension of the Corporate Insolvency Resolution Process (CIRP) period by 60 days, excluding the lockdown period from 10.05.2021 to 14.06.2021, totaling 95 days, with the CIRP now ending on 20.09.2021. The Resolution Professional faced challenges due to the Covid-19 pandemic, leading to delays in meetings and asset valuation. Despite conducting meetings via video conferencing, delays in the Resolution Plan submission necessitated the extension. The Tribunal emphasized completing the CIRP within prescribed timelines under the Insolvency and Bankruptcy Code, 2016, without specifying additional orders or directions. Case-Laws Insolvency and Bankruptcy Mon, 02 Aug 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=413762