Insolvency & Bankruptcy Code 2016 - relaxation of lock-down period for compliance of corporate insolvency resolution process
IBBI vide notification dated 29th March, 2020 amended Insolvency
and Bankruptcy Board of India (Insolvency Resolution Process for Corporate
Persons) Regulations, 2016 providing relaxation to the period of lock-down imposed by the Central
Government in the wake of COVID-19 outbreak shall not be counted for the
purposes of the time-line for any activity that could not be completed due to
such lock-down, in relation to a corporate insolvency resolution process. Notification-IBC
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