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2021 (9) TMI 759 - NATIONAL COMPANY LAW TRIBUNAL , GUWAHATI BENCHSeeking exclusion of 55 days from the timeline of Resolution Process - section 12 R/W Section 60(5) of the Insolvency and Bankruptcy Code, 2016 - HELD THAT:- The learned R.P has sought exclusion of 55 days’ time from the timeline of CIRP as approved by the CoC due to the number of litigations including the Writ Petitions filed before Hon’ble High Court by the Suspended Directors, Appeal filed before Hon’ble NCLAT by the CD and lockdown for the second wave of the Covid 2019. The reasons mentioned in the prayer for exclusion of 55 days from the timeline of the CIRP period are satisfactory. Hence exclusion of 55 (Fifty Five) days are hereby allowed from the timeline of the CIRP - application allowed.
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