+1 for idea of shifting it to Saturday!
Well, it would be better if cook of is shifted to Saturday.
But i have different idea for time penalty. The idea is to reduce time penalty to 5 minutes with the adjustment that the user cannot submit another solution for same problem during this time. This idea is worth implementing if and only if it doesn’t cause much difficulty.
The best part of this would be that the flow of submission will be less, which would reduce the load on codechef servers, something that has been the trouble of last minute in codechef.
Another variation of this idea is to set a custom resubmit and/or penalty time for each problem which may be higher for easy/cakewalk problems like 10 min and less for medium/medium-hard problems or even 0 min for hardest problems.
This idea of differential resubmit time would strongly stress upon AC solution for atleast the easiest problems. Another benefit is that users are going to carefully analyse their solution before submitting.
yeah, i would +1 for the same, saturday cookoff would be better suited.
@admin @vijju123, If Codechef is having problems in shifting Cook-Offs to Saturday, it can atleast shift the timing before 9:30, coz making it up to 12 with schools/colleges the next day is a bit difficult.
+1 for this idea.
saturday cookoff will be better…
Please forward, thank you!
You mean that it should be removed altogether or just reduced?
@vijju123 it should be reduced but not removed altogether.
Removing altogether can increase the number of wrong submissions.
Yes reducing penalty would decrease the number of wrong submissions
Can you at least consider changing the time from (9:30 to 12:00) to (9:00 to 11:30)?
Oops clicked on the accepted tick by mistake, now I can’t accept it back again. Bug?
Oo, another bug? 
I confirmed it, its a glitch issue. The answer is actually accepted, with karma credited to @admin 's account.
For easy problems, the idea of being unable to submit will heavily penalise that user, because many people say “I cant focus on next question until I get AC in previous one.”
On paper it seems flawless, but it will cause problems when implemented in practical
I have seen many times the codechef judge taking nearly 10 minutes to run the solution (happened with me too some time ago). Even in present way users are going through same problem , ryt??
I believe my way, atleast they would work on that solution than wait for judge’s verdict. I thought about those users. Although i wrote 10 min to illustrate my point. Codechef may select time limits as they think appropriate.
No, you are assuming that it takes 10 min to give verdict at beginning of contest itself when users attempt p1 and p2. Thats not true. Judge starts taking time somewhere in middle of contest.
Judge typically takes 2-3 minute to give verdict at start, and is soemtimes faster. A manual limit of submitting by us is extremely subjective topic and is bound cause a wave of dissatisfaction among many people.
On a side note, sleeping at 12 is late for you? O.o :3 
I don’t reckon i slept before 12 during last whole year more than 2-3 times (might be less :D)