https://www.taxtmi.com/caselaws?id=300093 The Tribunal granted an exclusion of 83 days from the CIRP timelines due to the Covid-19 lockdown and pending application, extending the CIRP to 22.08.2021. However, it denied further extension, emphasizing the requirement for exceptional circumstances. The Resolution Professional was directed to finalize the Corporate Debtor's accounts by the extended date and proceed with liquidation if resolution was not achieved by then. en-us Tue, 03 Aug 2021 00:00:00 +0530 Wed, 12 Jan 2022 08:36:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=300093 The Tribunal granted an exclusion of 83 days from the CIRP timelines due to the Covid-19 lockdown and pending application, extending the CIRP to 22.08.2021. However, it denied further extension, emphasizing the requirement for exceptional circumstances. The Resolution Professional was directed to finalize the Corporate Debtor's accounts by the extended date and proceed with liquidation if resolution was not achieved by then. Case-Laws Insolvency and Bankruptcy Tue, 03 Aug 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=300093