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2020 (12) TMI 757 - AT - Insolvency and BankruptcyExclusion of 68 days from initial period of 180 days of Corporate Insolvency Resolution Process - non-speaking order - HELD THAT:- The Adjudicating Authority has declined to exclude 167 days while reckoning the period of Corporate Insolvency Resolution Process by making an observation that the reasons stated are not plausible. The reasons assigned for seeking such exclusion and why the same did not prevail with the Adjudicating Authority have not been addressed. The impugned order to this extent can safely be termed to be a non-speaking order and cannot be supported. Judicial notice has been taken of the hardship caused, curbs on movement and normal business activities which is evident from order passed by the Hon’ble Apex Court in suo moto proceedings. The prayer allowing exclusion of time w.e.f 20th March, 2020 to 2nd September, 2020 in reckoning of the ordinary Corporate Insolvency Resolution Process period viz. 180 days is directed - application allowed.
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