The case involves an appeal regarding the exclusion of certain periods from the Corporate Insolvency Resolution Process (CIRP). The appellant sought exclusion of time from 25.12.2019 to 23.01.2020, which was initially allowed. The appellant also requested exclusion of time from 15.3.2020 to 24.3.2020 and from 1.7.2020 to 31.7.2020 due to the Covid-19 pandemic and related restrictions. The order dated 10th March, 2021, did not exclude these periods.
Nilesh Sharma, the Resolution Professional (RP) of Today Homes and Infrastructure Pvt Ltd, filed an application (I.A.No.646 of 2021) seeking exclusion of certain periods from the Corporate Insolvency Resolution Process (CIRP) timeline. The appellant had previously been granted an exclusion of 29 days from 25.12.2019 to 23.01.2020. The appellant further sought exclusion of the period from 15.3.2020 to 24.3.2020 and from 1.7.2020 to 31.7.2020, citing the Covid-19 pandemic and related restrictions on movement. The order dated 10th March, 2021, did not reflect these exclusions. The court noted that the periods for which exclusion was sought were not mentioned in the earlier order. The relevance of these facts lies in determining the correct timeline for the CIRP,
…Sign in to view the parties.
Start date of the…
End date of the initial exclusion period sought…
Sign in to view related legal provisions.
The case involves an appeal regarding the exclusion of certain periods from the Corporate Insolvency Resolution Process (CIRP). The appellant sought exclusion of time from 25.12.2019 to 23.01.2020, which was initially allowed. The appellant also requested exclusion of time from 15.3.2020 to 24.3.2020 and from 1.7.2020 to 31.7.2020 due to the Covid-19 pandemic and related restrictions. The order dated 10th March, 2021, did not exclude these periods.
Nilesh Sharma, the Resolution Professional (RP) of Today Homes and Infrastructure Pvt Ltd, filed an application (I.A.No.646 of 2021) seeking exclusion of certain periods from the Corporate Insolvency Resolution Process (CIRP) timeline. The appellant had previously been granted an exclusion of 29 days from 25.12.2019 to 23.01.2020. The appellant further sought exclusion of the period from 15.3.2020 to 24.3.2020 and from 1.7.2020 to 31.7.2020, citing the Covid-19 pandemic and related restrictions on movement. The order dated 10th March, 2021, did not reflect these exclusions. The court noted that the periods for which exclusion was sought were not mentioned in the earlier order. The relevance of these facts lies in determining the correct timeline for the CIRP,
…Start date of the…
End date of the initial exclusion period sought…
Sign in to view related legal provisions.