IBBI amends CIRP Regulation by relaxation timeline due to COVID-19 outbreak The press note on the lockout notification reads as follows: In order to solve this dilemma, the IBBI amended the CIRP Regulations to ensure that the lockout period enforced by the Central Government following the outbreak of COVID-19 is not to be counted for the purposes of the time-line for any operation that could not be completed as a consequence of the lock-down. IBBI amends the CIRP Regulations to include relaxation due to the COVID-19 outbreak… Read More