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2021 (4) TMI 897 - Tri - Insolvency and BankruptcySeeking extension of CIRP by another 34 days - section 12(2) & 12(3) of the Code r/w. Rule 11 of NCLT Rules, 2016 - HELD THAT:- The total number of days from the admission of the Corporate Debtor to CIRP i.e., from 03.09.2019 to 21.02.2021 is 536 days. Till 08.04.2021, the total number of days from the admission of CIRP i.e., 03.09.2019 to 08.04.2021 is 582 days. Exemption of Covid period as per Section 40C of the Code from 25.03.2020 till 17.10.2020 is 206 days. The maximum period admissible under Section 12(2) & 12(3) of the Code is 330 days. However, considering that this Applicant/RP had to undergo harassment and also criminal cases as a Resolution Professional in respect of M/s. Bhatia Coke and Energy Limited, the company under CIRP, considerable time and energy was lost. Hence, the Applicant could not effectively conduct the CIR process. Furthermore, the Covid-19 pandemic also does not permit effective operation of the CIR Process. This Adjudicating Authority grants extension of CIRP period till 08.04.2021, as per the provisions of Section 12(2) & 12(3) of the IBC read with Rule 11 of NCLT Rules, 2016 - Application allowed.
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