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IBC - Highlights / Catch Notes

Home Highlights June 2019 Year 2019 This

conversion of CIRP u/ss 7 or 9 or 10 to Fast Track Corporate ...

Insolvency and Bankruptcy

June 5, 2019

conversion of CIRP u/ss 7 or 9 or 10 to Fast Track Corporate Insolvency Resolution Process’ u/s 55 of the I&B Code after 270 days - Adjudicating Authority exceeded its jurisdiction by extending the period of 90 days after completion of 270 days of the CIRP wrongly exercising its power u/s 55(2) which is not applicable

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