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2021 (1) TMI 142 - Tri - Insolvency and BankruptcyExclusion of the time period in relation to CIRP - inherent powers of this Tribunal under Rule 11 of NCLT Rules, 2016 - HELD THAT:- Taking into consideration the decision of the Hon'ble Supreme Court in SWISS RIBBONS PVT. LTD. AND ANR. VERSUS UNION OF INDIA AND ORS. [2019 (1) TMI 1508 - SUPREME COURT] as well as the Hon'ble NCLAT rendered in IN RE : SUO MOTO [2020 (6) TMI 495 - NATIONAL COMPANY LAW APPELLATE TRIBUNAL, NEW DELHI] following the matter of QUINN LOGISTICS INDIA PVT. LTD. VERSUS MACK SOFT TECH PVT. LTD., MOHD. SABIR PARVEZ AND MR. M.L. JAIN, (RESOLUTION PROFESSIONAL) [2018 (6) TMI 904 - NATIONAL COMPANY LAW APPELLATE TRIBUNAL, NEW DELHI] in relation to the exclusion of the time period in relation to CIRP analogy being adopted in the implementation of the Resolution Plan, this Tribunal allows the Application by excluding the time period from 15.03.2020 to 30.06.2020 for the purpose of implementing the Resolution Plan. Application allowed.
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