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2020 (2) TMI 1534 - Tri - Companies LawSeeking extension of the period of CIRP - work could not be completed due to non-cooperation from the promoters of the Corporate Debtor - HELD THAT:- It is apparent from the materials available on record that the Applicant could not perform his duties properly due to the non-availability of records and non-cooperation from the promoters of the Corporate Debtor. The CoC is of the opinion that the Corporate Debtor can be led to a successful resolution. It is therefore imperative that the period of CIRP is extended. The period of CIRP is extended by 60 days with effect from 07.03.2020. The Applicant and the CoC are directed to take all possible steps under the Insolvency and Bankruptcy Code, 2016 and Rules made thereunder to bring about a successful resolution of the Corporate Debtor - Application is allowed without contest.
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