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2018 (4) TMI 1819 - Tri - Companies LawClarification/direction to exclude the period of 55 days from CIRP period - Section 12(2) of the I & B Code 2016 - HELD THAT:- The period of 270 days which will expire on 19.04.2018 be extended by excluding 55 days to complete the CIRP. The Bench having considered the entire facts and circumstances of the matter satisfied that the prayer of the applicant deserves to be allowed. Accordingly, the Bench clarifies that 38 days time consumed in the litigation in deciding the MA No. 873/2018 filed by Suraksha ARC be excluded (Since on 22.01.2018 the MA was not listed and the Bench heard the MA on 09/02/2018 and orally directed the RP not to conduct any COC meeting till the date of final order on 19/03/2018) from the 90 days period in the order dated 24/01/2018. Application allowed.
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