The INSOLVENCY AND BANKRUPTCY CODE, 2016 Last Update 01-6-2020

REGULATION OF INSOLVENCY PROFESSIONALS, AGENCIES AND INFORMATION UTILITIES

Section 198: Condonation of delay.

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. CHAPTER III INSOLVENCY PROFESSIONAL AGENCIES