TMI Blog2021 (6) TMI 278X X X X Extracts X X X X X X X X Extracts X X X X ..... May, 2021 and that even though more than three weeks expired thereafter, the applicant has not filed the Resolution Plan. When this was brought to the notice of the learned counsel appearing for the applicant, she has stated that at least a short time may be granted to submit the Resolution Plan. The learned counsel for the Resolution Professional stated that if a short period is granted by this T ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ebtor under Section 60(5) of Insolvency and Bankruptcy Code, 2016 read with Rules 11, 15 32 of the NCLT Rules 2016 praying for various reliefs bringing to the notice of this Tribunal the recent decision of the Hon'ble Supreme Court in re Cognizance for extension of Limitation, MA 665/2021 in SMW(c) No. 3/2020 decided on 27.4.2021 in which it was stated that taking judicial notice of the fac ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... orate Debtor can end after the submission of Resolution Plan by applicant and its consideration by CoC. 2. It is stated that this application has been filed pursuant to the order of this Tribunal dated 20.4.2021 in IA/64/KOB/2021 in IBA/52/KOB/2019 and that the Resolution Professional may be directed to accept the Resolution Plan submitted by the applicant within 30 days of request for the Reso ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... istration as an MSME under the Udhayam Registration of the Ministry of Micro Small and Medium Enterprises. After considering the Expression of Interest of the applicant, the Respondents shall publish the list of Prospective Resolution Applicants, without further delay. 5. The period granted vide the above order has been expired on 4th May, 2021 and that even though more than three weeks expi ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... receipt of this order. If the applicant submits such a Resolution Plan, the Resolution Professional shall place the Resolution Plan before the Committee of Creditors for their consideration and further steps in the matter will be taken without further delay, so that the CIR Process can be concluded in time. It is made clear that no further time will be granted to the applicant for submission of th ..... X X X X Extracts X X X X X X X X Extracts X X X X
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