https://www.taxtmi.com/caselaws?id=418761 Exclusion of time from the corporate insolvency resolution process was allowed where the resolution professional sought adjustment for pandemic-related disruption, medical incapacity, delay in CoC approval and other unavoidable circumstances. The Tribunal applied the principle that 330 days is ordinarily the outer limit for CIRP, but recognised exceptional cases where only a short further period is needed and revival of the corporate debtor remains in stakeholders' interest. On those facts, the period requested was excluded from the CIRP computation and the resolution process was extended accordingly. en-us Tue, 25 Jan 2022 00:00:00 +0530 Thu, 24 Feb 2022 07:12:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=418761 Exclusion of time from the corporate insolvency resolution process was allowed where the resolution professional sought adjustment for pandemic-related disruption, medical incapacity, delay in CoC approval and other unavoidable circumstances. The Tribunal applied the principle that 330 days is ordinarily the outer limit for CIRP, but recognised exceptional cases where only a short further period is needed and revival of the corporate debtor remains in stakeholders' interest. On those facts, the period requested was excluded from the CIRP computation and the resolution process was extended accordingly. Case-Laws Insolvency and Bankruptcy Tue, 25 Jan 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=418761