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TMI Blog2023 (9) TMI 1383X X X X Extracts X X X X X X X X Extracts X X X X ..... on the ground that Appellant before the Hon ble Supreme Court was granted liberty of such extension and it cannot be granted to Resolution professional now. HELD THAT:- This Tribunal by its order passed in GOVIND PRASAD TODI, SIDDHARTHA TODI VERSUS SATYA NARAYAN GUDDETI (LIQUIDATOR/ ERSTWHILE RESOLUTION PROFESSIONAL OF AJANTA OFFSET PACKAGING LIMITED) , CANARA BANK, CORPORATION BANK, STATE BANK OF INDIA, EXIM BANK, TODI INVESTORS (INDIA) PVT. LTD., VINAYAK DEALERS PVT. LTD., SOUTH CITY PROJECTS (KOLKATA) LTD., EDCL INFRASTRUCTURE LTD., AMRITVANI EXIM PVT. LTD. [ 2023 (2) TMI 486 - NATIONAL COMPANY LAW APPELLATE TRIBUNAL , PRINCIPAL BENCH , NEW DELHI ] has extended the CIRP for a period of 90 days which order was challenged by Govi ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... llant : Mr. Manas Gupta , Mr. Aamir Shaikh and Mr. Arun Kr. Shukla , Advocates , Ms. Aditi Sharma , Advocate For the Respondents : Mr. Abhishek Parmar , Advocate for R - 1 ( Liquidator ) ORDER These two appeals have been filed against the same order passed by the Adjudicating Authority dated 24.07.2023 by which the Adjudicating Authority has rejected I.A./2889/ND/2023 filed by the Resolution Professional for extension of 60 days time from the date of expiry of CIRP i.e. from 16.05.2023 for allowing the CoC to consider and vote upon approval of Resolution Plan. The Adjudicating Authority has given two grounds to reject the application. Firstly, the Adjudicating Authority has observed that the extension of time till 15.05.2023 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... eks leave to withdraw this appeal with a liberty that if occasion arises, he may be permitted to apply for extension of time. With the aforesaid liberty, the civil appeal is dismissed as withdrawn. 4. The liberty was granted by the Hon ble Supreme Court to apply for extension of time. Extension of time in the CIRP has to be applied by the Resolution Professional who is the official conducting the CIRP and further when CoC has instructed the Resolution Professional to seek extension of 60 days, we are of the view the application could not have been rejected only on the ground that Govind Prasad Todi and Siddhartha Todi who were granted liberty, who have not filed the application. The liberty was granted to Govind Prasad Todi and Si ..... X X X X Extracts X X X X X X X X Extracts X X X X
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