https://www.taxtmi.com/article/detailed?id=12752 The Corporate Insolvency Resolution Process begins on admission of a complete application and is subject to a primary statutory completion timeline, with extensions available on application by the resolution professional when instructed by the committee of creditors and by order of the Adjudicating Authority where completion within the primary timeline is not possible. A statutory outer time limit caps total duration inclusive of extensions and judicial delays. Regulations allow exclusion of periods lost due to lockdowns or comparable interruptions, and tribunals have applied these provisions to extend or exclude time where justified; the resolution professional must prioritise adherence to timelines. en-us Sat, 29 Jun 2024 09:26:52 +0530 Sat, 29 Jun 2024 09:26:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=12752 The Corporate Insolvency Resolution Process begins on admission of a complete application and is subject to a primary statutory completion timeline, with extensions available on application by the resolution professional when instructed by the committee of creditors and by order of the Adjudicating Authority where completion within the primary timeline is not possible. A statutory outer time limit caps total duration inclusive of extensions and judicial delays. Regulations allow exclusion of periods lost due to lockdowns or comparable interruptions, and tribunals have applied these provisions to extend or exclude time where justified; the resolution professional must prioritise adherence to timelines. Articles Corporate Laws / IBC / SEBI Sat, 29 Jun 2024 09:26:52 +0530 https://www.taxtmi.com/article/detailed?id=12752