https://www.taxtmi.com/caselaws?id=467778 Time spent in consolidation proceedings was held not to qualify as "time taken in legal proceedings" for exclusion from the CIRP timeline, because only proceedings contemplated by the insolvency framework and connected with resolution can be excluded. The text also notes that a request framed as exclusion may, in substance, be treated as seeking extension of the CIRP period where that construction advances resolution over liquidation. On that approach, the tribunal found the earlier relief insufficient and granted further time, allowing the balance period sought. en-us Tue, 02 Jul 2024 00:00:00 +0530 Thu, 02 Apr 2026 20:18:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=467778 Time spent in consolidation proceedings was held not to qualify as "time taken in legal proceedings" for exclusion from the CIRP timeline, because only proceedings contemplated by the insolvency framework and connected with resolution can be excluded. The text also notes that a request framed as exclusion may, in substance, be treated as seeking extension of the CIRP period where that construction advances resolution over liquidation. On that approach, the tribunal found the earlier relief insufficient and granted further time, allowing the balance period sought. Case-Laws IBC Tue, 02 Jul 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=467778