9911796707
TMI Blog2022 (4) TMI 1038X X X X Extracts X X X X X X X X Extracts X X X X ..... xclude a period of 33 days, as resolved by CoC. Thus, a period of 33 days is hereby excluded. Application disposed off. - IA No. 64/2022 in CP (IB) No. 682/7/HDB/2018 - - - Dated:- 25-3-2022 - Bhaskara Pantula Mohan, Member (J) And Dr. Binod Kumar Sinha, Member (T) For the Appellant : V.S.R. Avadhani, Advocate ORDER 1. Under consideration is an Interlocutory Application bearin ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Vamsi as Interim Resolution Professional (IRP). b) That the suspended director of the CD i.e., Sri M.R.V. Prasad Raju, preferred appeal under Section 61(1) of the Code on 16.08.2021, challenging the order dated 06.08.2021 of this Adjudicating Authority before Hon'ble NCLAT, Chennai Bench vide Comp App (AT) No. 214 of 2021. The Hon'ble NCLAT, Chennai bench vide order dated 13.09.2021 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... h vide judgment dated 13.12.2021. c) That the CIRP was initiated vide order dated 06.08.2021 and the same is to be completed within 180 days as per the provisions of the Insolvency and Bankruptcy code, 2016. Due to the stay of proceedings by the Hon'ble High Court vide order dated 05.10.2021, the CIRP could not continue for 35 days i.e., till the writ petition 23816 of 2021 was dismissed ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... meet ends of justice. Further, no prejudice will be caused to the parties herein. 3. Heard and perused the record. 4. The present Application is filed inter-alia seeking an exclusion of a period of 35 days lost due to the stay granted by the Hon'ble High Court in W.P. No. 23816 of 2021. 5. It is pertinent herein to quote the resolution of CoC, passed in its third CoC meeting dated 2 ..... X X X X Extracts X X X X X X X X Extracts X X X X
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