Time Limit For Completion of Insolvency Resolution Process

By |2019-02-11T17:28:08+00:00February 11th, 2019|Insolvency(IBC)|

For understanding the exact conceptread these two definitions:- Defination1:-Insolvency Commencement Date = date of admission of application for initiating Corporate Insolvency Resolution Procedure(CIRP) by the adjudicating authority(NCLT)  u/s 7, 9 or 10, as the case may be. Defination2:- Insolvency Resolution process period = period of 180days from the date of insolvency commencement date. As [...]