https://www.taxtmi.com/caselaws?id=301011 The National Company Law Appellate Tribunal, New Delhi, decided to exclude the COVID-19 lockdown period from the Corporate Insolvency Resolution Process (CIRP) timeline in a specific case. The Tribunal recognized the exceptional circumstances caused by the pandemic and aimed to mitigate hardships faced by the Resolution Professional. By excluding the lockdown period, the Tribunal sought to ensure fairness and effectiveness in the resolution process, balancing the interests of all parties involved. This decision highlighted the Tribunal's adaptability to unforeseen events and its commitment to achieving just outcomes in insolvency proceedings. en-us Thu, 08 Oct 2020 00:00:00 +0530 Tue, 18 Apr 2023 12:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=301011 The National Company Law Appellate Tribunal, New Delhi, decided to exclude the COVID-19 lockdown period from the Corporate Insolvency Resolution Process (CIRP) timeline in a specific case. The Tribunal recognized the exceptional circumstances caused by the pandemic and aimed to mitigate hardships faced by the Resolution Professional. By excluding the lockdown period, the Tribunal sought to ensure fairness and effectiveness in the resolution process, balancing the interests of all parties involved. This decision highlighted the Tribunal's adaptability to unforeseen events and its commitment to achieving just outcomes in insolvency proceedings. Case-Laws Insolvency and Bankruptcy Thu, 08 Oct 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=301011