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2018 (8) TMI 1033 - NATIONAL COMPANY LAW TRIBUNAL, NEW DELHICorporate insolvency resolution - The period of 180 days for the CIR process came to an end on 12.02.2018. - An unenviable situation has been created by the conduct of the Members of the CoC. Despite the fact that the Resolution Professional apprised the CoC that the period of 180 days is to expire on 12.02.2018 and sanction be granted for moving an application before the Adjudicating Authority for extension of the period. The CoC has behaved the way we have recorded in the preceding paras. Held that:- A strange phenomena has developed in so far as the functioning of CoC is concerned. - we direct the Resolution Professional to bring this order to the notice of the CoC so that appropriate steps be taken. A copy of this order be sent to the Insolvency and Bankruptcy Board of India for taking suitable action in respect of the conduct of the Members of CoC in the present matter as well as in the day to day functioning of the Members of CoC generally speaking.
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