2020 (10) TMI 1310

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..... 2020 to 29th May, 2020 (Nationwide) and the fact that the State of Maharashtra where the Corporate Office of the Corporate Debtor is stated to be located has been worst hit with most of the areas declared Red Zone culminating in extension of lockdown till 31st August, 2020, the hardship was required to be mitigated by allowing the exclusion as prayed for. This appeal is allowed by directing tha .....

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..... s for Appellant. Mr. Anshul Sehgal and Mr. Sanjeev Kumar, Advocates for CoC. O R D E R (Through Virtual Mode) Appellant, Resolution Professional of Reliance Naval and Engineering Ltd. is aggrieved of order dated 20th August, 2020 by virtue whereof the Adjudicating Authority (National Company Law Tribunal) Ahmedabad Bench, Court 2 granted extension of 90 days to the Resolution .....

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..... hardship was required to be mitigated by allowing the exclusion as prayed for. 3. We allow this appeal by directing that the period of lockdown w.e.f. 25th March, 2020 till 31st August, 2020 shall be excluded while computing the period of CIRP. To avoid any confusion/ambiguity, we make it clear that this direction will not in any case be construed as interference with the extension of 90 days .....

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