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2022 (3) TMI 637 - NATIONAL COMPANY LAW TRIBUNAL , JAIPUR BENCHSeeking exclusion of time period of 170 days from 06.07.2021 to 22.12.2021 from the total period of completion of CIRP process - HELD THAT:- In view of the situation of the COVID-19 pandemic, the Hon'ble Supreme Court of India in Re: cognizance for extension of Limitation, [2020 (5) TMI 418 - SC ORDER] where it was held that To obviate the difficulties and to ensure that lawyers/litigants do not have to come physically to file such proceedings in respective Courts/Tribunals across the country including this Court, it is hereby ordered that a period of limitation in all such proceedings, irrespective of the limitation prescribed under the general law or Special Laws whether condonable or not shall stand extended w.e.f. 15th March 2020 till further order/s to be passed by this Court in present proceedings. Similarly, the Insolvency and Bankruptcy Board of India vide notification dated 20.04.2020, inserted Regulation 40C to the Insolvency and Bankruptcy Board of India (Resolution Process for Corporate Persons) Regulations, 2016 and the said regulation held that the period of lockdown imposed by the Central Government in the wake of Covid-19 outbreak shall not be counted for the purpose of computation of the timeline for any task that could not be completed due to such lockdown, in relation to any CIRP. After the grant of the exclusion period of 238 days, the period of CIRP i.e. 270 days, will end on 08.09.2022. Further, the applicant herein had published an invitation for the resolution plan and pursuant to the same, the Resolution Professional has received prospective resolution plans from the two prospective resolution applicants - application allowed.
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