23/08/2018
Where the request is not to extend the time limit but to exclude the period due to litigation, the exclusion is liable to be allowed. Where the CIRP (Corporate Insolvency Resolution Process) could not be completed within the statutory period as fixed under section 12 because of acts beyond the control of the applicants, non-exclusion of period of stay due to interim order of stay from limitation would cause grave injustice to the applicant. [ 36 more words ]
Where the request is not to extend the time limit but to exclude the period due to litigation, the exclusion is liable to be allowed. Where the CIRP (Corporate Insolvency Resolution Process) could not be completed within the statutory period as fixed under section 12 because of acts beyond the contr...