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2020 (1) TMI 1491 - Tri - Insolvency and BankruptcySeeking relief of extension of CIRP period by 90 days - Section 12(3) of Insolvency and Bankruptcy Code, 2016 - HELD THAT:- The extension of 90 days’ time of CIRP period as sought for, on the strength of resolution passed by the COC with 99.214% voting in its meeting, is granted as the same is inconsonance with section 12(2) of the Code and therefore, fulfils the requisite condition for extension of CIRP period. The CIRP period is hereby extended by 90 days and therefor the CIRP will come to an end on 24.01.2020 - application allowed.
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