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IBC - Highlights / Catch Notes

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Extension of period of insolvency resolution proceeding, beyond ...

Case Laws     Insolvency and Bankruptcy

December 24, 2022

Extension of period of insolvency resolution proceeding, beyond limit - when there is a specific provision on the question of maintainability of a claim for subsequent extension under the first proviso to section 12, the provisions of section 60(5) cannot be invoked to take advantage of the non-obstante clause to make an application for subsequent extension maintainable in spite of the specific bar on its maintainability provided in the first proviso to section 12.- HC

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