IBBI Exempts Lockdown Period From Time Line Of Activity In Relation To CIRP [Read Notification]

In view of the COVID-19 pandemic, the Insolvency and Bankruptcy Board of India on Sunday issued a regulation stating that the period of lockdown imposed by the Central Government shall not be counted for the purposes of the time-line for any activity that could not be completed due to such lockdown, in relation to a corporate insolvency resolution process.On Sunday, the IBBI issued the...