9911796707
TMI Blog2021 (6) TMI 527X X X X Extracts X X X X X X X X Extracts X X X X ..... dation Process of the Corporate Debtor so as to complete Liquidation process (hereinafter referred to as "Liquidation") of the Corporate Debtor Company namely M/s. Broadcast Audience Research Council (hereinafter called as the "Corporate Debtor") and for passing Oder/appropriate direction that this Tribunal may deem fit in the present matter. The Applicant/Liquidator has prayed for grant of following reliefs. (a) This Tribunal be pleased to pass an order granting exclusion of 162 days from the timeframe prescribed under Regulation 44(1) of the Regulations as the said time lapsed amid Lockdown pursuant to wake of COVID-19 Pandemic and further an Order directing that the last day for completion of the Liquidation process of the Corporate D ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... d in consultation with the CoC has taken every possible effort for resolution of the Corporate Debtor. However, no EOI was received and the CoC resolved to put the Corporate Debtor in to Liquidation. 7. Further, it is stated and submitted that the Order of the Liquidation was received by the Applicant on 24.12.2019 and therefore only on 24.12.2019 and therefore only on 24.12.2019 the Applicant could give practical effect to the commencement of the Liquidation of the Corporate Debtor. 8. Accordingly, the Applicant caused the public notice inviting the claims by the Stakeholders of the Corporate Debtor on 27.12.2019 in two local newspaper namely The Asian Age, Mumbai Edition (English) and Pudhari, Mumbai Edition (Marathi). The last date for ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ng the period prescribed for completing the liquidation process. By following the decision of Hon'ble Supreme Court in suo moto writ Petition No. 665/2021 in SMW(C) No. 3/2020" by excluding/exempting the period from 15th March 2020 till 14th March 21 and now again until further order. 15. For the sake of convenient the relevant portion of the Order dated 27.04.2021 of the Hon'ble Supreme Court is being reproduced herein below: "We also take judicial notice of the fact that the steep rise in COVID-19 Virus cases is not limited to Delhi alone but it has engulfed the entire nation. The extraordinary situation caused by the sudden and second outburst of COVID-19 Virus, thus, requires extraordinary measures to minimize the hardship of ..... X X X X Extracts X X X X X X X X Extracts X X X X
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