Home Case Index All Cases Insolvency and Bankruptcy Insolvency and Bankruptcy + Tri Insolvency and Bankruptcy - 2021 (7) TMI Tri This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2021 (7) TMI 1283 - Tri - Insolvency and BankruptcyExclusion of time period lapsed due to non-availability of records, assets, books of accounts and Covid-19 from the ongoing CIRP - section 19(2) of the I&B code, 2016 - HELD THAT:- The Applicant states that by way of present Application it seeks an exclusion of the intervening period from the commencement of CIRP i.e., from 05.11.2019 till the disposal of application filed under section 19(2) of I & B Code, 2016 filed on 07.12.2019. This bench, after taking into consideration the facts and circumstances of the present case and following the law as laid down by the Hon'ble Apex court in COMMITTEE OF CREDITORS OF ESSAR STEEL INDIA LIMITED THROUGH AUTHORISED SIGNATORY VERSUS SATISH KUMAR GUPTA & OTHERS [2019 (11) TMI 731 - SUPREME COURT], grants a period of 90 days so as to complete a total of 270 days, w.e.f 03.05.2020 i.e., date of completion of 180 days, to the Applicant for completing the CIRP of the corporate debtor in a time bound manner as per the provisions of the I & B Code, 2016. Application disposed off.
|