Regulation 47A - Exclusion of period of lockdown - Insolvency and Bankruptcy Board of India (Liquidation Process) Regulations, 2016

1 [Exclusion of period of lockdown. 47A . Subject to the provisions of the Code, the period of lockdown imposed by the Central Government in the wake of COVID-19 outbreak shall not be counted for the purposes of computation of the time-line for any task that could not be completed due to such lockdown, in relation to any liquidation process. ] ************* NOTES:- 1. Inserted vide Notification No. IBBI/2020-21/GN/REG060 dated 20-04-2020 w.e.f. 17-04-2020