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TMI Blog2019 (3) TMI 1609X X X X Extracts X X X X X X X X Extracts X X X X ..... h R P is present. 2. This Application is filed by the Resolution Professional under section 12 and 60(5) of the Insolvency and Bankruptcy Code, 2016 seeking exclusion of certain period for counting of the statutory period for computation of CIRP period. 3. It is stated by the Resolution Professional that C.P. No. 166/2018 was 'Admitted' by this Tribunal vide Order dated 23.07.2018. Under the O ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... d copy of the Order dated 26.10.2018 was received on 26.11.2018, therefore, there was a loss of 31 days in the CIRP period, for which, he sought exclusion of 31 days for computation of CIRP period. 6. It is pertinent to mention that, NCLAT in Company Appeal (AT) (Insolvency) No. 185 of 2018 in the matter of Quinn Logistics India Pvt. Ltd. V/s Mack Soft Tech Pvt. Ltd. and Others, certain guidelin ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... urt and finally pass order enabling the 'Resolution Professional' to complete the corporate insolvency resolution process. (v) If the corporate insolvency resolution process is set aside by the Appellate Tribunal or order of the Appellate Tribunal is reversed by the Hon'ble Supreme Court, and corporate insolvency resolution process is restored. (vi) Any other circumstances which justify the ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... the computation of statutory period for completion of CIRP.
8. Under the circumstances, M.A. No. 1070/2019 is partly allowed.
(i) Three days period is excluded for computation of statutory period for completion of CIRP.
The Application for exclusion of 31 days, i.e. from 26.10.2018 to 26.11.2018 is rejected.
(ii) The application is disposed of accordingly. Adjourned to 16.04.2019. X X X X Extracts X X X X X X X X Extracts X X X X
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