https://www.taxtmi.com/caselaws?id=414686 Time spent pursuing a compromise or arrangement under Section 230 of the Companies Act, 2013 after commencement of liquidation may be excluded from the liquidation period where Regulation 2B(2) of the Insolvency and Bankruptcy Board of India (Liquidation Process) Regulations, 2016 applies, subject to the prescribed limit. The Tribunal treated the restructuring period, including the additional time granted for those efforts, as excludable for completing liquidation. As a result, the liquidator's fee was to be computed by excluding that period from the liquidation timeline. en-us Thu, 21 Oct 2021 00:00:00 +0530 Mon, 15 Nov 2021 09:08:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=414686 Time spent pursuing a compromise or arrangement under Section 230 of the Companies Act, 2013 after commencement of liquidation may be excluded from the liquidation period where Regulation 2B(2) of the Insolvency and Bankruptcy Board of India (Liquidation Process) Regulations, 2016 applies, subject to the prescribed limit. The Tribunal treated the restructuring period, including the additional time granted for those efforts, as excludable for completing liquidation. As a result, the liquidator's fee was to be computed by excluding that period from the liquidation timeline. Case-Laws Insolvency and Bankruptcy Thu, 21 Oct 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=414686