TMI Blog2021 (5) TMI 611X X X X Extracts X X X X X X X X Extracts X X X X ..... uidation process is allowed as prayed for. Application disposed off. - I.A No.20 of 2021 In CP(IB)No:06/GB/2019 - - - Dated:- 5-5-2021 - Hon ble Shri H. V Subba Rao, Member (J) And Hon ble Shri Prasanta Kumar Mohanty, Member (T) ORDER [Per se: Shri H.V Subba Rao Member (J)] 1. The present application is filed by Mr. Chhedi Rajbhar, present Liquidator appointed in the instant matter under Section 34 of the IBC. The applicant is filing the present application under section 60(5)(c) read with Regulation 47A of the Insolvency and Bankruptcy Board of India (Liquidation Process) regulations, 2016 inter alia seeking extension of time allowed to him to liquidate the Corporate Debtor due to time lost on account of Covid pandemic. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... tion Process) Regulations, 2016 the applicant made a public announcement intimating the commencement of liquidation process against the corporate debtor and calling upon the stakeholders to file their claims. The public announcement was published by the liquidator in The Sentinel (English) and Amaar Assam (Assamese) on 25/09/2019. It is pertinent to note that the said public announcement clearly mentioned that the last date of receiving the claims from the stakeholders was 19/10/2019. 5. The Applicant submits that he has not received any claim from any other stakeholder till date of the Corporate Debtor under Section 38 of IBC, 2016.Further the applicant in compliance to Regulation 31(2) of IBBI (Liquidation Process) Regulations, 2016 ha ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... lared in the country due to pandemic Covid-19, from 23rd March 2020 and for the whole of India from 25th March, 2020. Further Regulation 47A under IBBI (Liquidation Process) Regulation was inserted to exclude the COVID-19 lockdown period from the computation of the time-line for any task that could not be completed in relation to any liquidation process. 9. The applicant submits that the Hon ble National Company Law Appellate Tribunal passed an order on 30.03.2020 wherein it was mentioned that the Covid-19 related lockdown period will be excluded for purposes of calculating the timelines under the Code. I humbly submit that the said order is still in force and has been revised. A copy of the order dated 30.03.2020 is annexed herewith and ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... cally on 11.02.2021 5 September 2020 15.10.2020 By gmail 12.10.2020 by efiling on 05.02.2021 and physically on 11.02.2021 6 December 2020 15.01.2021 By gmail 15.01.2021 by efiling on 05.02.2021 and physically on 11.02.2021 14. It is submitted that pursuant to the directions contained in the order of 08.02.2021 in IA No 03/GB/2021, the Liquidator is taking steps to make the application for dissolution of the corporate debtor after taking necessary steps for distribution of the available assets to stakeholders. 15. As per the order of 08.02.2021, the Liquidator has been directed to make th ..... X X X X Extracts X X X X X X X X Extracts X X X X
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