Insolvency Resolution Extended Beyond 270 Days Due to Exceptional Circumstances, Litigation Period Excluded for Approval.

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....Insolvency resolution process - exclusion of period of litigation - This is a unique case in which CIRP could not completed with in 270 days. The exceptional circumstances occasioned beyond the control of the resolution applicant in the case in hand upon the reasons already led in prompt us to exclude the period of litigation and thereby we also found the plan came up for approval with in time. - Tri....