Unsolicited Calls Causing Annoyance Invade Privacy And Require Regulatory Action: Ernakulam District Commission

NCLAT: CIRP Period Can’t Be Extended Beyond 330 Days u/s 12 of IBC; Liquidation Order Can Be Recalled on Limited Grounds The NCLAT held that the CIRP (Corporate Insolvency Resolution Process) period cannot be extended beyond 330 days under Section 12 of the Insolvency and Bankruptcy Code (IBC), except in exceptional circumstances. The tribunal also ruled that a liquidation order can be recalled only on limited grounds, emphasizing the importance of timely resolution within the prescribed framework. This decision underscores the need for efficient handling of insolvency cases and adherence to deadlines set under IBC.