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TMI Blog2021 (4) TMI 897X X X X Extracts X X X X X X X X Extracts X X X X ..... rom 03.09.2019 to 21.02.2021 is 536 days. Till 08.04.2021, the total number of days from the admission of CIRP i.e., 03.09.2019 to 08.04.2021 is 582 days. Exemption of Covid period as per Section 40C of the Code from 25.03.2020 till 17.10.2020 is 206 days. The maximum period admissible under Section 12(2) 12(3) of the Code is 330 days. However, considering that this Applicant/RP had to underg ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Authorized Representative ORDER R. Sucharitha, Member (J) Order Pronounced on: 07.04.2021 IA/142(CHE)/2021 in IBA/660/2019: 1. This application has been filed under Section 12(2) 12(3) and Section 60(5) of Insolvency and Bankruptcy Code, 2016 read with Rule 11 of NCLT Rules by the Applicant/RP against the Respondent (Committee of Creditors) seeking relief as follows: To ex ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ension till 27th March 2021 be sought . 4. The Applicant/RP states that a period of 30 days was lost because of error in the name of the Interim Resolution Professional and another period of 30 days also was lost due to various frivolous criminal complaints against the RP in another matter. 5. The Applicant/RP states that there are Resolution Plans pending approval. Further, this Corporate ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... rofessional in respect of M/s. Bhatia Coke and Energy Limited, the company under CIRP, considerable time and energy was lost. Hence, the Applicant could not effectively conduct the CIR process. Furthermore, the Covid-19 pandemic also does not permit effective operation of the CIR Process. 8. The Applicant/RP has filed; a) IA/318/IB/2020 under Section 12(2) 12(3) r/w. Section 60(5) of Insol ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... of the affidavit filed and based on the oral arguments of the Authorized Representative appeared on behalf of the Applicant/RP, this Adjudicating Authority grants extension of CIRP period till 08.04.2021, as per the provisions of Section 12(2) 12(3) of the IBC read with Rule 11 of NCLT Rules, 2016. 10. Accordingly, applications IA/142(CHE)/2021, IA/318/IB/2020 and IA/1226/IB/2020 are hereby a ..... X X X X Extracts X X X X X X X X Extracts X X X X
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