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TMI Blog2020 (1) TMI 1249X X X X Extracts X X X X X X X X Extracts X X X X ..... For the Appellant : S. S. Ray and Ramesh Babu , Advs For the Respondents : B. Nagabhushan and Vaibhav Gulia , Adv ORDER Dr. Deepti Mukesh, Member ( J ) 1. Present application is filed by RP of Abir Infrastructure Pvt. Ltd. U/S. 12 read with Section 60(1)(5) & (6) of the I & B Code seeking following reliefs : a) Allow the present application and exclude 238 days i.e. the period from 30.01.2 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... o hand over offices and the records of the Corporate Debtor but the same was not coming through. Hence, COC through IRP and SBI appealed to the Hon'ble Delhi High Court for transfer of matter to the NCLT and on 19th August, 2019 the Hon'ble Delhi High Court passed an order transferring the matter to NCLT. Thereafter the provisional liquidator handed over the custody of the Delhi and Hydera ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... her submitted that the company is a vibrant entity and is running as a going concern and if further time is granted proper resolution is feasible, by inviting expression of interest to enable the prospective resolution applicants to consider resolution plans. The applicant has relied on the judgment of the Hon'ble Supreme Court in Committee of Creditors of Essar Steel India Ltd. wherein it was ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... s placed on record and perusing the facts of the case we are of the opinion that certain more time should be given to take the CIRP forward in its true sense and to enable RP to make all endeavour to achieve resolution of a going concern. Considering the facts of present case and the guidelines laid down by the Hon'ble Apex Court, we grant a period of 90 days extension from expiry of 330 days ..... X X X X Extracts X X X X X X X X Extracts X X X X
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