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2021 (6) TMI 602 - Tri - Insolvency and BankruptcySeeking exclusion of period of 140 days from the CIRP of the Corporate Debtor - Section 60(5) of the Insolvency and Bankruptcy Code, 2016 read with rule 11 of the National Company Law Tribunal Rules, 2016 - HELD THAT:- The erstwhile Director had filed an Interlocutory Application for extension of time period wherein the Hon'ble Apex Court vide Order dated 28.07.2020 in Civil Appeal No(s). 2211/2020 extended the time for a period of two months subject to deposition 50% amount within one month and remaining within the next 30 days and further stated that no further extension will be granted - The applicant states that this application is being filed for exclusion of 140 days from the CIRP period i.e., the lockdown period starting from 25.03.2020 to 02.06.2020 (69 days) and further the period from 18.06.2020 to 28.08.2020 (71 days) due to operation of Interim Order passed by the Hon'ble Apex Court vide Order dated 18.06.2020. The applicant states that this application is being filed for exclusion of 140 days from the CIRP period i.e., the lockdown period starting from 25.03.2020 to 02.06.2020 (69 days) and further the period from 18.06.2020 to 28.08.2020 (71 days) due to operation of Interim Order passed by the Hon'ble Apex Court vide Order dated 18.06.2020. The loss of 140 days in the CIRP period is excluded - Application allowed.
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