Time taken to appoint Resolution Professional to be excluded from CIRP: NCLT
February 18 2019
Now time taken from the admission of a case by the NCLT till the appointment of the Interim Resolution Professional (IRP), will also be excluded from the IBC timelines, the Mumbai Bench has held.
In the case of Say India Jeweller Pvt. Ltd., the application was admitted on August 1, 2017. However, the appointment of IRP was deferred to the Insolvency and Bankruptcy Board of India. The IRP was appointed only 62 days after the admission order wa…
Read the full article at: https://barandbench.com/time-taken-to-appoint-resolution-professional-excluded-from-cirp-nclt/