https://www.taxtmi.com/caselaws?id=449942 Time spent in seeking extension of the corporate insolvency resolution process and in the appeal was held to be excludable from the CIRP timeline, because the delay arose from judicial proceedings and was not attributable to the applicant. The Tribunal also found that directing the 90-day extension to operate retrospectively from the earlier date fixed by the Adjudicating Authority was erroneous. The extension was therefore to run from the date of disposal of the appeal, with the excluded period taken out of the CIRP computation. en-us Wed, 21 Feb 2024 00:00:00 +0530 Fri, 23 Feb 2024 06:51:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=449942 Time spent in seeking extension of the corporate insolvency resolution process and in the appeal was held to be excludable from the CIRP timeline, because the delay arose from judicial proceedings and was not attributable to the applicant. The Tribunal also found that directing the 90-day extension to operate retrospectively from the earlier date fixed by the Adjudicating Authority was erroneous. The extension was therefore to run from the date of disposal of the appeal, with the excluded period taken out of the CIRP computation. Case-Laws Insolvency and Bankruptcy Wed, 21 Feb 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=449942