IBBI Exempts Lockdown Period From Time Line Of Activity In Relation To CIRP [Read Notification]
LIVELAW NEWS NETWORK
29 March 2020 6:38 PM IST
![IBBI Exempts Lockdown Period From Time Line Of Activity In Relation To CIRP [Read Notification]](https://www.livelaw.in/h-upload/2019/09/24/750x450_364860-insolvency-and-bankruptcy-code.webp "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...
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