Bare ActsThe INSOLVENCY AND BANKRUPTCY CODE, 2016

Section 198

Condonation of delay

Amendment status not verified — confirm the current text below against the official source.

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

Section 198 – The INSOLVENCY AND BANKRUPTCY CODE, 2016 | DailyLaw.ai