Section 198 - Condonation of delay. - Insolvency and Bankruptcy Code, 2016

Condonation of delay. 198 . Notwithstanding anything contained in this Code, where the Board does not perform any act within the period specified under this Code, the relevant Adjudicating Authority may, for reasons to be recorded in writing, condone the delay. *********** Notes:- 1. Come into the force w.e.f. 01-12-2016 [F. N. 30/7/2016-Insolvency] S.O. 3594(E) dated 30-11-2016