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Section 198 - Insolvency and Bankruptcy Code Act, 2016

198. 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.

Related Sections

Section 171: Proof of debt
Section 195: Power to designate financial sector regulator
Section 50: Extortionate credit transactions
Section 197: Constitution of advisory committee, executive committee or other committee
Section 49: Transactions defrauding creditors

Related Acts

Institute of Teaching and Research in Ayurveda Act, 2020
National Sports University Act, 2018
Repealing and Amending Act, 2017
Banning of Unregulated Deposit Schemes Act, 2019
Recycling of Ships Act, 2019

* Only for reference.