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TMI Blog2019 (5) TMI 1684X X X X Extracts X X X X X X X X Extracts X X X X ..... ill pending as the necessary information / documents and record is yet to be furnished in its entirety. Therefore, the COC has thought it fit to authorise the resolution professionals to move for such application. Moreover, the period of 270 days will come to an end on 1 1.05.2019 and possibility of getting a resolution plan resulting in reasonable settlement of the creditors dues is most proba ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... s CA 1128(PB)/2018 filed on 25.10.2018 has still been pending wherein ex-promoters / directors have not been co-operating with the Resolution Professional. The application is supported by the resolution passed by COC in its 6 th meeting held on 03.05.2019. Under the agenda item no. 2 the following resolution has been passed. RESOVE THAT the Resolution Professional be and is hereby autho ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... rs dues is most probable. Accordingly, we find that the prayer for extension of time from 25.05.2018 to till date is meritorious and the same is accepted. Accordingly, the period from 25.05.2018 to till date shall be excluded from the period of 270 days and resolution may be expedited. Application stands disposed of. Learned counsel for the Resolution Professional states ..... X X X X Extracts X X X X X X X X Extracts X X X X
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