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 198: Condonation of delay
Chapter II — Powers and Functions of the Board
Source: official text of the Insolvency and Bankruptcy Code, 2016.