https://www.taxtmi.com/caselaws?id=418372 The Tribunal allowed the appeal, setting aside the order dismissing the extension application and the termination of the Appellant's bid. The Tribunal recognized the impact of the Covid-19 lockdown on the Appellant's ability to complete the auction process and emphasized the need for flexibility in timelines under the IBC in exceptional circumstances. The decision highlighted the importance of reasoned judgments and acknowledged the genuine difficulties faced by the Appellant due to the pandemic, ultimately reinstating the validity of the bid. en-us Mon, 14 Feb 2022 00:00:00 +0530 Wed, 16 Feb 2022 12:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=418372 The Tribunal allowed the appeal, setting aside the order dismissing the extension application and the termination of the Appellant's bid. The Tribunal recognized the impact of the Covid-19 lockdown on the Appellant's ability to complete the auction process and emphasized the need for flexibility in timelines under the IBC in exceptional circumstances. The decision highlighted the importance of reasoned judgments and acknowledged the genuine difficulties faced by the Appellant due to the pandemic, ultimately reinstating the validity of the bid. Case-Laws Insolvency and Bankruptcy Mon, 14 Feb 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=418372