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IBC - Highlights / Catch Notes

Home Highlights May 2019 Year 2019 This

Exclusion of the time period spent in litigation - the ...

Insolvency and Bankruptcy

May 17, 2019

Exclusion of the time period spent in litigation - the proposition which emerges therefore is that certain period can be excluded from the total period of 270 days permissible u/s 12 of the Code - If there is a Resolution Applicant who can continue to run the corporate debtor as a going concern, every effort must be made to try and see that this is made possible

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