COVID19: NCLAT Extends Interim Orders, Excludes Lockdown Period u/s 12 Proceedings Of IBC To Mitigate Difficulties [Read Order]

The National Company Law Appellate Tribunal (NCLAT) has excluded the period of lockdown for the purposes of counting Resolution Process vis-à-vis section 12 of the Insolvency & Bankruptcy Code (IBC), 2016. Taking suo motu cognizance of the unprecedented situation which has arisen due to the spread of COVID19, bench comprising Justices Bansi Lal Bhat, Anant Bijay...