Under s.12 of the Insolvency and Bankruptcy Code 2016, the corporate insolvency resolution process must ordinarily be completed within 180 days, extendable once by up to 90 days. Including time taken in litigation, the maximum overall period is:

Section 12 of the Insolvency and Bankruptcy Code 2016 fixes the timeline for the corporate insolvency resolution process. Under s.12(1), the process must be completed within one hundred and eighty days from admission of the application. Section 12(2) allows the Committee of Creditors to extend the period once, by resolution, for a further period not exceeding ninety days. Section 12(3), introduced by the 2019 amendment, provides that where the process remains pending on account of litigation before a court or the Appellate Tribunal, it shall be completed within three hundred and thirty days from the insolvency commencement date, failing which the corporate debtor shall be liquidated unless the plan is approved earlier. The maximum ceiling including extension and litigation time is therefore 330 days, not 180, 270, 360 or 540.