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2022 (4) TMI 776 - Tri - Insolvency and BankruptcySeeking for extension of 120 days for payment of balance amount on the date of approval of the Plan - HELD THAT:- In spite of availing substantial time, the Applicant again filed the instant I.A. seeking further time of one month to pay the balance amount of ₹ 12.78 Crores along with additional amount of ₹ 15 lakh from the date of disposal of the instant I.A. In view of the intervening Covid-19 difficulties after the approval of the Plan, the Instant I.A. is allowed to the limited extent of granting one month from today to the Resolution Applicant to implement the Resolution Plan and also to pay the additional amounts as agreed by it in the previous order dated 06.08.2021 and also the latest letter of the State Bank of India dated 18.01.2022. Application disposed off.
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