2019 (6) TMI 1406

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..... on over the Resolution Plan pending before the CoC, the facts herein do not deserve either for exclusion of CIRP period or for extension of CIRP period as prayed in this application. It is a fit case for liquidation on two grounds- (i) CIRP Period of 270 days is over (ii) even in the event of liquidation is ordered, it is still open to the Liquidator to sell the Corporate Debtor as a going conc .....

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..... ajagopal ORDER On the application moved by the Resolution Professional of M/s. Frontier Lifeline Private Limited (Corporate Debtor) seeking exclusion of 43 days from the total time period of 270 days of CIRP and extension of CIRP for a further period of 43 days from 29.04.2019 till 10.06.2019. On perusal of the application, it appears that one Re .....

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..... entioned, we are of the view that since the CoC has not been restrained by the Adjudicating Authority or by any external agency from taking a decision over the Resolution Plan pending before the CoC, the facts herein do not deserve either for exclusion of CIRP period or for extension of CIRP period as prayed in this application. Therefore, we are of the view that it is a fit case fo .....

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