https://www.taxtmi.com/caselaws?id=765035 NCLAT held that the 180-day moratorium period under Section 101(1) of IBC is mandatory and cannot be extended by the Adjudicating Authority or Appellate Tribunal. The court relied on SC precedents emphasizing literal interpretation of clear statutory language. NCLAT distinguished provisions under Section 54D which allow discretionary time extensions, noting Section 101(1) provides an absolute outer limit. The moratorium automatically terminates after 180 days from commencement or upon repayment plan order, whichever is earlier. Appeal dismissed as the statutory moratorium period had expired and no extension was permissible under the clear legislative scheme. en-us Wed, 22 Jan 2025 00:00:00 +0530 Thu, 23 Jan 2025 12:25:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=765035 NCLAT held that the 180-day moratorium period under Section 101(1) of IBC is mandatory and cannot be extended by the Adjudicating Authority or Appellate Tribunal. The court relied on SC precedents emphasizing literal interpretation of clear statutory language. NCLAT distinguished provisions under Section 54D which allow discretionary time extensions, noting Section 101(1) provides an absolute outer limit. The moratorium automatically terminates after 180 days from commencement or upon repayment plan order, whichever is earlier. Appeal dismissed as the statutory moratorium period had expired and no extension was permissible under the clear legislative scheme. Case-Laws IBC Wed, 22 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=765035