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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
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