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2020 (10) TMI 1256 - Tri - Insolvency and BankruptcySeeking extension of time period of Corporate Insolvency Resolution Process - Section 40(2) of CIRP Regulation and Section 12(2) of IBC 2016 - HELD THAT:- It is seen from that report, a resolution was passed to file an application under Section 40(2) of CIRP Regulation and as per Section 12(2) of IBC 2016 for a time period extension of 45 days with effect from 12.10.2020 to 26.11.2020 so as to consider and evaluate the revised Resolution Plan. The prayer for extension period of Corporate Insolvency Resolution Process for another 45 days with effect from 12.10.2020 is allowed - The Resolution Professional is directed to complete the Corporate Insolvency Resolution Process on or before 26.11.2020.
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