Under Section 12 of the Insolvency and Bankruptcy Code 2016, the corporate insolvency resolution process must be completed within 180 days, extendable once by a further 90 days, and the total period of the process, including extensions, shall not exceed -

Section 12 of the Insolvency and Bankruptcy Code 2016 prescribes the timeline for the corporate insolvency resolution process. Under Section 12(1), the process must be completed within one hundred eighty days from the date of admission of the application. Section 12(2) permits the committee of creditors to extend this period once, by a further ninety days, by a vote of not less than sixty-six per cent of the voting share, on an application filed by the resolution professional before the expiry of the initial period. Section 12(3), as amended in 2019, provides that the total period of the process, including extensions, shall not exceed three hundred thirty days. Where the process is not completed in time, the Adjudicating Authority orders liquidation. Three hundred thirty days is therefore the outer limit.