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2020 (9) TMI 513 - Tri - Insolvency and BankruptcyRevision/Rectification of the Resolution Plan- reflection of amount apportioned towards the dues of the Operational Creditors against the total liability of the Operational Creditors - revision/modification/relaxation in the Resolution Plan with respect to the timeline/timeframe for payment to financial creditors/operational creditors and/or other stakeholders - HELD THAT:- This Bench has noticed that the Applicant has already brought in substantial amount for implementing the Resolution Plan as approved by this Bench. Even though the lenders of the Resolution Applicant have already given in-principle sanction for the loan to be availed by the Applicant, there is some delay in disbursement due to the situation arising out of Covid-19 Pandemic prevailing worldwide. The prevailing situation is an unprecedented and extraordinary situation - We are thus inclined to grant time to the Resolution Applicant for arranging funds - the time is extended till 26 November 2020 for making payment as provided in the Resolution Plan approved by this Bench on 2nd July 2020.
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