The Insolvency and Bankruptcy Code, 2016
PART IV Regulation of Insolvency Professionals, Agencies and Information Utilities
CHAPTER II Powers and Functions of the Board
Section 198: Condonation of delay:
*198. 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.
Notifications & Circulars
*This shall come into force w.e.f. from 01.12.2016.