COVID-19 lockdown period to be excluded from the time-limit for insolvency resolution process under Section 12 IBC: NCLAT

Any interim order/stay order under Insolvency and Bankruptcy Code, 2016 shall continue to operate till the next date of hearing, which may be notified later.
NCLAT
NCLAT
Published on
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The National Company Law Appellate Tribunal has ordered that the period of lockdown in connection with the COVID-19 pandemic shall be excluded for the purpose of counting of the period for resolution process under Section 12 of the Insolvency and Bankruptcy Code, 2016.

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