Case Law Analysis
|Bombay High Court
Section 12(1)(c) Presidency Towns Insolvency Act | Covid-19 Limitation Extension Applies to Time-Bound Insolvency Petitions : Bombay HC
Bombay HC rules that the Covid-19 limitation extension applies to the time-bound condition precedent under Section 12(1)(c) of the Presidency Towns Insolvency Act, 1909. The judgment validates insolvency petitions filed during the pandemic, reinforcing the applicability of Supreme Court's limitation extensions to procedural timelines in insolvency proceedings.