9911796707
TMI Blog2020 (5) TMI 749X X X X Extracts X X X X X X X X Extracts X X X X ..... 19 infection - HELD THAT:- In view of the suo-motto orders passed by the Hon'ble Supreme Court as well as the Hon'ble NCLAT in relation to the period of COVID-19 Lockdown to be excluded, payment of interest will arise only if there is a delay in depositing the same even after the end of Lockdown due to COVID-19 infection. In the circumstance, the time period granted for depositing the amou ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... tended the time limit for the purpose of reckoning limitation with effect from 15.03.2020. 3. Further the Ld. Counsel for the Applicant relies on suo-motto notice of the Hon'ble NCLAT dated 24.03.2020 in view of the extraordinary situation prevalent under the circumstances of COVID-19 infection. The Ld. Counsel for the Liquidator represents that the reliance placed by the Ld. Counsel for the A ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... n due to COVID-19 infection. 4. In the circumstance, the time period granted for depositing the amount if any and in relation to the consideration of Application in relation to the challenge of the auction of the property stands deferred till the lock-down is lifted by the Central Government/State Government respectively. 5. In the circumstance, this Application is accordingly disposed of. - - ..... X X X X Extracts X X X X X X X X Extracts X X X X
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