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Time-limit for completion of insolvency resolution process.

Article 12 - Act - CORPORATE INSOLVENCY RESOLUTION PROCESS - Insolvency and Bankruptcy - Article 12 - 12. (1) Subject to sub-section (2), the corporate insolvency resolution process shall be completed within a period of one hundred and eighty days fr .....

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ighty days, if instructed to do so by a resolution passed at a meeting of the committee of creditors by a vote of seventy-five per cent of the voting shares. (3) On receipt of an application under sub-section (2), if the Adjudicating Authority is sat .....

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