https://www.taxtmi.com/caselaws?id=301017 The National Company Law Tribunal considered whether 87 days could be excluded from the 180-day Corporate Insolvency Resolution Process timeline under the Insolvency and Bankruptcy Code, 2016. The request was made under Rule 11 of the NCLT Rules, 2016 read with Regulation 40(e) of the CIRP Regulations, 2016, on the basis that COVID-19 disruption had affected the insolvency process. The Tribunal accepted the COVID-19-related difficulty and allowed exclusion of the requested period from the CIRP computation. en-us Tue, 03 Aug 2021 00:00:00 +0530 Tue, 08 Mar 2022 08:58:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=301017 The National Company Law Tribunal considered whether 87 days could be excluded from the 180-day Corporate Insolvency Resolution Process timeline under the Insolvency and Bankruptcy Code, 2016. The request was made under Rule 11 of the NCLT Rules, 2016 read with Regulation 40(e) of the CIRP Regulations, 2016, on the basis that COVID-19 disruption had affected the insolvency process. The Tribunal accepted the COVID-19-related difficulty and allowed exclusion of the requested period from the CIRP computation. Case-Laws Insolvency and Bankruptcy Tue, 03 Aug 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=301017