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.
Insolvency and Bankruptcy Code 2016
Section 191 Powers of Chairperson
Section 193 Member not to participate in meetings in certain cases
Section 194 Vacancies, etc., not to invalidate proceedings of Board, Officers and employees of Board
Section 195 Power to designate financial sector regulator
Section 196 Powers and functions of Board
Section 197 Constitution of advisory committee, executive committee or other committee
Section 198 Condonation of delay
Section 200 Principles governing registration of insolvency professional agency