2021 (3) TMI 1309

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... the period of corporate insolvency resolution process granted under this section and the time taken in the legal proceedings in relation to such resolution process of the corporate debtor, we are not inclined to exclude the period as prayed for by the applicant. The prayer to exclude the period of 17 days at this stage is hereby rejected - Application dismissed. - IB-3042(ND)2019, IA/1304/20 .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... the averment made in the application. Ld. Counsel for the applicant submitted that since the present IRP was appointed on 24th February 2021 and he received copy of the Order on 01/03/2021, so the said period may be excluded. In view of second proviso of Section 12(3) of the IBC, since CIRP shall mandatorily be completed within a period 330 days from the date of commencement including an ext .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X