Lockdown period won’t be counted in IBC timeline: IBBI

“...the period of lockdown imposed by the Central Government in the wake of COVID19 outbreak 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," said a notification by Insolvency and Bankruptcy Board of India Sunday.

from Economy-News-Economic Times https://ift.tt/2QUyrt7