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2018 (6) TMI 1062 - AT - Insolvency and BankruptcyCounting the period of ‘corporate insolvency resolution process’ - Held that:- In the present case, we find that after admission of the application the ‘Resolution Professional’ was informed who took over the charge after 30 days of admission. In fact the case was admitted on 16th August, 2017 and on receipt the intimation, he took charge on 14th September, 2017. Having heard the learned counsel for the parties following the decision in “Quinn Logistics India Pvt. Ltd.’ (2018 (6) TMI 904 - NATIONAL COMPANY LAW APPELLATE TRIBUNAL, NEW DELHI) we direct the Adjudicating Authority to exclude 30 days for the purpose of counting the period of ‘corporate insolvency resolution process’ and thereby allow the ‘Resolution Professional’ to complete the ‘corporate insolvency resolution process’ by 15th June, 2018.
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