https://www.taxtmi.com/caselaws?id=298514 The Tribunal granted an additional 90 days to complete the Corporate Insolvency Resolution Process (CIRP) due to non-availability of records, assets, books of accounts, and Covid-19 related delays. The exclusion of time from the commencement of CIRP in November 2019 until the disposal of the application filed in December 2019 was allowed, extending the total period to 270 days from a specified date in May 2020. The decision aimed to ensure a time-bound resolution in accordance with the Insolvency and Bankruptcy Code, 2016, emphasizing compliance and awareness among relevant parties. en-us Thu, 29 Jul 2021 00:00:00 +0530 Sun, 07 Nov 2021 11:04:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=298514 The Tribunal granted an additional 90 days to complete the Corporate Insolvency Resolution Process (CIRP) due to non-availability of records, assets, books of accounts, and Covid-19 related delays. The exclusion of time from the commencement of CIRP in November 2019 until the disposal of the application filed in December 2019 was allowed, extending the total period to 270 days from a specified date in May 2020. The decision aimed to ensure a time-bound resolution in accordance with the Insolvency and Bankruptcy Code, 2016, emphasizing compliance and awareness among relevant parties. Case-Laws Insolvency and Bankruptcy Thu, 29 Jul 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=298514