I don't need to stand anywhere to point out that your example is wrong.
White to move, Bc5, if black refuses to move without this rule he loses, with this rule he draws. In other words black will move so he achieves a draw at least, with the rule black won't lose on time but it was a clearly drawn position.
If it happens that white is the one that runs out of time then it his damned fault for playing slower than black, if someone finds mate in X but loses on time they should lose on time as long as the opposing side has sufficient mating material with or without what KC proposes. Your example is "white can draw thus he should be granted a draw rather than losing on time".
White to move, Bc5, if black refuses to move without this rule he loses, with this rule he draws. In other words black will move so he achieves a draw at least, with the rule black won't lose on time but it was a clearly drawn position.
If it happens that white is the one that runs out of time then it his damned fault for playing slower than black, if someone finds mate in X but loses on time they should lose on time as long as the opposing side has sufficient mating material with or without what KC proposes. Your example is "white can draw thus he should be granted a draw rather than losing on time".