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2019 (12) TMI 1558 - Tri - Insolvency and BankruptcyResolution professional seeking for exclusion of 462 days from the Corporate Insolvency Resolution Process period - HELD THAT:- In the facts and in order to avoid liquidation of the Corporate Debtor and also to explore the possibility of resolution the Corporate Insolvency Resolution Process; further time of 150 days is extended from 16.11.2019 for completion of Insolvency Resolution Process as an exceptional case. The Resolution Professional and the members of Committee of Creditors are directed to expedite the possibility of achieving resolution of the stressed assets of the corporate debtor within the extended period. Application disposed off.
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