The present appeal challenges an order dated August 3, 2021, passed by the National Company Law Tribunal (NCLT), New Delhi, Court-III. The NCLT, exercising its powers under Rule 11 of the NCLT Rules, 2016, and Regulation 40(c) of the IBBI (CIRP) Regulations, 2016, had excluded a period of 87 days from the calculation of the 180-day Corporate Insolvency Resolution Process (CIRP) period. This exclusion was sought by the Interim Resolution Professional (IRP) on the grounds that the COVID-19 pandemic had impacted the process and that certain periods were lost due to a stay order and lockdown.

The present appeal challenges an order dated August 3, 2021, passed by the National Company Law Tribunal (NCLT), New Delhi, Court-III. The NCLT, exercising its powers under Rule 11 of the NCLT Rules, 2016, and Regulation 40(c) of the IBBI (CIRP) Regulations, 2016, had excluded a period of 87 days from the calculation of the 180-day Corporate Insolvency Resolution Process (CIRP) period. This exclusion was sought by the Interim Resolution Professional (IRP) on the grounds that the COVID-19 pandemic had impacted the process and that certain periods were lost due to a stay order and lockdown.