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TMI Blog2018 (6) TMI 1062X X X X Extracts X X X X X X X X Extracts X X X X ..... as admitted on 16th August, 2017 and on receipt the intimation, he took charge on 14th September, 2017. Having heard the learned counsel for the parties following the decision in “Quinn Logistics India Pvt. Ltd.’ (2018 (6) TMI 904 - NATIONAL COMPANY LAW APPELLATE TRIBUNAL, NEW DELHI) we direct the Adjudicating Authority to exclude 30 days for the purpose of counting the period of ‘corporate ins ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ? If there is a gap between knowledge of Resolution Professional and the actual date of admission, then how such period is to be treated? Whether such period should be excluded for the purpose of counting the period of 180 days or additional time is to be allowed beyond 180 days for completing the Resolution Process? 2. Similar issue was fell for consideration in Quinn Logistics India Pvt. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... the intervening period can be excluded for counting of the total period of 270 days of resolution process:- ( i) If the corporate insolvency resolution process is stayed by a court of law or the Adjudicating Authority or the Appellate Tribunal or the Hon ble Supreme Court. ( ii) If no Resolution Professional is functioning for one or other reason during the corporate insolvency re ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... on of certain period. However, after exclusion of the period, if further period is allowed the total number of days cannot exceed 270 days which is the maximum time limit prescribed under the Code. 3. In the present case, we find that after admission of the application the Resolution Professional was informed who took over the charge after 30 days of admission. In fact the case was a ..... X X X X Extracts X X X X X X X X Extracts X X X X
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