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TMI Blog2021 (10) TMI 814X X X X Extracts X X X X X X X X Extracts X X X X ..... the period of CIRP in order for the CoC to consider the Resolution Plan. It is also seen that the CoC is pondering on the Resolution submitted by the prospective Resolution Applicant as early as on 03.03.2021 and is yet to take a final call in relation to the same. Keeping in mind the facts of the present case and further in view of Regulation 40C of the IBBI (Insolvency Resolution Process for Corporate Persons) Regulations, 2016, we hereby grant exclusion of CIRP period from 10.05.2021 till 14.06.2021 and also extend the CIRP period by 60 days from 17.06.2021 (total of 95 days). Therefore, the CIRP period in relation to the Corporate Debtor will come to an end on 20.09.2021. Application allowed. - IA/563/CHE/2021 in IBA/1045/2019 - ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... nal on 11.03.2020 and the Applicant herein was appointed as the Interim Resolution Professional. 3. It was submitted that a public announcement in respect of initiation of the Corporate Insolvency Resolution Process in respect of M/s. TAVAS Constructions Private Limited and calling for submission of claims under Section 15 of IBC, 2016 was made by the Interim Resolution Professional. It was submitted that due to the difficulties faced during the lockdown imposed by the Central and the State Government, the creditors were not in a position to immediately file their claim forms when the public announcement was made and the claims were received by the Applicant only by the end of May 2020. Thereafter, the Applicant constituted the Committee ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ld on 12.03.2021. In the said meeting, the prospective Resolution Applicant was asked to submit additional documents for consideration of the CoC members. 6. It was further submitted that the Applicant has filed IA/165/2020 seeking for exclusion of the lockdown period and this Tribunal vide its order dated 16.04.2021 has excluded the lockdown period from 25.03.2020 till 31.12.2020 and thereby the 180 days of the CIRP period in relation to the Corporate Debtor came to an end on 17.06.2021. 7. Subsequent thereto, the Applicant conducted the 11th CoC meeting on 30.04.2021 and the documents submitted by the prospective Resolution Applicant were reviewed and deliberated upon. Again the 12th CoC meeting was held on 31.05.2020 and the CoC di ..... X X X X Extracts X X X X X X X X Extracts X X X X
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