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2020 (12) TMI 839 - Tri - Insolvency and BankruptcySeeking exclusion of lockdown period from 25.03.2020 till 31.07.2020(128 days) declared by Central and State Governments from the maximum CIRP period of 330 days - section 12 of the Insolvency and Bankruptcy Code, 2016 Read with Regulation 40 of Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Person) Regulations, 2016 read with Rule 11 of NCLT Rules, 2016 - HELD THAT:- The CIRP in the normal course should have been completed by 25.05.2020. However lockdown started from 25.03.2020. According to the applicant the lockdown was till 31.07.2020 in the containment zones. Counsel for RP requested the Tribunal to exclude lockdown period from the CIRP - Actually days lost due to lockdown was 62 days i.e. from 25.03.2020 to 25.05.2020. These 62 days lost in the lockdown period is to be added from 01.08.2020. Thus CIRP of 270 days to be completed by 01.10.2020. Application disposed off.
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