Exclusion of stay period of CIRP Petition does not amount to Postponement of Insolvency Commencement date under

The article discusses that the exclusion of the stay period of a Corporate Insolvency Resolution Process (CIRP) petition does not equate to postponement of the Insolvency Commencement Date under the Insolvency and Bankruptcy Code (IBC), as ruled by the NCLT. This decision clarifies that the stay period does not extend the time frame for initiating insolvency proceedings beyond what is specified in the IBC. This interpretation maintains the integrity of the statutory timelines for insolvency proceedings under the IBC.