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Section 183 - Insolvency and Bankruptcy Code Act, 2016
183. Expeditious disposal of applications.-
Where an application is not disposed of or order is not passed within the period specified in this Code, the Debt Recovery Tribunal or the Debt Recovery Appellate Tribunal, as the case may be, shall record the reasons for not doing so within the period so specified; and the Chairperson of the Debt Recovery Appellate Tribunal, after taking into account the reasons so recorded, extend the period specified in this Code, but not exceeding ten days.
Related Sections
- Section 113: Notice of decisions taken at meeting of creditors
- Section 184: Punishment for false information, etc., by creditor in insolvency resolution process
- Section 57: Manner of initiating fast track corporate insolvency resolution process
- Section 97: Appointment of resolution professional
- Section 104: Preparation of list of creditors
Related Acts
* Only for reference.