9911796707
TMI Blog2021 (4) TMI 897X X X X Extracts X X X X X X X X Extracts X X X X ..... Insolvency & Bankruptcy X X X X Extracts X X X X X X X X Extracts X X X X ..... icient time to Financial Creditors to evaluate the plan before submitting to Hon'ble NCLT for approval of the plan, an extension till 27th March 2021 be sought". 4. The Applicant/RP states that a period of 30 days was lost because of error in the name of the Interim Resolution Professional and another period of 30 days also was lost due to various frivolous criminal complaints against the RP ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... days. However, considering that this Applicant/RP had to undergo harassment and also criminal cases as a Resolution Professional in respect of M/s. Bhatia Coke and Energy Limited, the company under CIRP, considerable time and energy was lost. Hence, the Applicant could not effectively conduct the CIR process. Furthermore, the Covid-19 pandemic also does not permit effective operation of the CIR Pr ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... the resolution passed by the CoC in the 4th meeting." 9. For the reasons stated above and in view of the affidavit filed and based on the oral arguments of the Authorized Representative appeared on behalf of the Applicant/RP, this Adjudicating Authority grants extension of CIRP period till 08.04.2021, as per the provisions of Section 12(2) & 12(3) of the IBC read with Rule 11 of NCLT Rules, 2016 ..... X X X X Extracts X X X X X X X X Extracts X X X X
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