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2019 (5) TMI 1850 - Tri - Insolvency and BankruptcySeeking additional time of 30 days for filing the affidavit stating its acceptance or rejection of the modifications in terms of order - HELD THAT:- It is pertinent to mention that after General Elections 2019 is over and the new Government is to be formed on May 30, 2019. Modification of the resolution plan may have financial implications, which requires approval from different Departments of Government of India ; therefore, we are of the considered opinion that time should be allowed for filing affidavit of acceptance/rejection of modified resolution plan on this basis the applicant has sought 30 days - We think it appropriate to grant 30 days for filing an affidavit, but this will be treated as the last opportunity, failing which, we will be forced to pass the liquidation order under section 33 of the IBC, 2016. Till then, RP will look after the work of the corporate debtor with effect from today. Learned counsel representing unsuccessful resolution applicant Adani Port raised objections against granting an extension of 30 days' times. List on July 2, 2019.
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