# In the matter of Bestways Transport (India) Limited IA No.1434-2022 in CP (IB) No.30-Chd-Pb-2019

> Read the full IBC case summary for In the matter of Bestways Transport (India) Limited IA No.1434-2022 in CP (IB) No.30-Chd-Pb-2019. NCLT judgment dated…

- **Court:** NCLT
- **Order date:** 31 May 2023
- **Citation:** TCN-2023-NCLT-05503
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-chandigarh/bestways-transport-india-limited-ia-no1434-2022-in-cp-ib-no30-chd-pb-2019-dc5faef6

## Summary

### Background

The Resolution Professional filed an application under Section 12(2) & (3) of the Insolvency and Bankruptcy Code, 2016, seeking exclusion of lockdown periods and extension of the Corporate Insolvency Resolution Process (CIRP) period due to delays caused by the COVID-19 pandemic and the process of resolution plan approval.

## Facts

The Resolution Professional (RP), Mr. Vijay Kumar Gupta, filed an application under Section 12(2) & (3) of the Insolvency and Bankruptcy Code, 2016, seeking to exclude a lockdown period of 49 days from April 19, 2021, to June 17, 2021. Additionally, the RP requested an extension of the Corporate Insolvency Resolution Process (CIRP) by 90 days from November 11, 2021, to February 9, 2022, and a further extension of 60 days from February 10, 2022, to April 11, 2022. A final extension of 98 days beyond the 330-day limit, from April 12, 2022, to July 18, 2022, was also sought.

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## Issues and analysis

### Issue 1: Whether the period of lockdown and subsequent delays due to COVID-19 and resolution plan approval…

**Ratio:** The CIRP period can be extended and periods of lockdown excluded, even if the application…

**Reasoning:** The NCLT acknowledged the delays caused by the COVID-19 situation and the process of…

**Interpretation:** The court interpreted Section 12 of the IBC and related regulations to allow…

**Application:** The NCLT applied this interpretation by allowing the exclusion of the lockdown…

## Parties

- **Judges:** Harnam Singh…; SUBRATA KUM…
- **Advocates:** Mast Ram…

## Timeline

- **March 26, 2021 — CIRP Commen…**: The Corporate Insolvency Resolution Process (CIRP) commenced for M/s Bestways Transport…
- **April 19, 2021 — Start of Lockdo…**: Start date of the 49-day lockdown…

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