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https://ibclaw.in/whether-the-time-limit-prescribed-in-ibc-2016-for-admitting-or-rejecting-a-petition-or-initiation-of-insolvency-resolution-process-is-mandatory-surendra-trading-company-vs-juggilal-kamlapat-jute-m/
The time limit prescribed in IBC, 2016 for admitting or rejecting a petition or initiation of CIRP under proviso to sub-sec. (5) of Sec. 9, is directory- Surendra Trading Company Vs. Juggilal Kamlapat Jute Mills Company Ltd. & Others- Supreme Court