The document pertains to IA No. 137/CTB/2020, filed by Resolution Professional Mr. Kamalesh Kumar Singhania under Rule 13 of NCLT Rules, 2016, for urgent hearing of IA No. 136/CTB/2020 under Rule 11 of NCLT Rules, 2016 and Section 60 (5) (c) of the IBC, 2016. The application seeks exclusion of time from the CIRP period due to the lockdown.
The Resolution Professional, Mr. Kamalesh Kumar Singhania, filed IA No. 137/CTB/2020 seeking exclusion of time from the Corporate Insolvency Resolution Process (CIRP) period. The application was filed under Rule 13 of NCLT Rules, 2016, for urgent hearing of IA No. 136/CTB/2020 under Rule 11 of NCLT Rules, 2016 and Section 60 (5) (c) of the IBC, 2016. The prayers included exclusion of 68 days from 25.03.2020 to 31.05.2020, and 61 days from 01.06.2020 to 31.07.2020 from the CIRP period of the Corporate Debtor. The application also sought exclusion of any further period of lockdown if extended by the Government of India or the Government of Odisha beyond 31.07.2020. The Corporate Debtor is Maa Durga Rice Processing & Exports Pvt. Ltd.
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The document pertains to IA No. 137/CTB/2020, filed by Resolution Professional Mr. Kamalesh Kumar Singhania under Rule 13 of NCLT Rules, 2016, for urgent hearing of IA No. 136/CTB/2020 under Rule 11 of NCLT Rules, 2016 and Section 60 (5) (c) of the IBC, 2016. The application seeks exclusion of time from the CIRP period due to the lockdown.
The Resolution Professional, Mr. Kamalesh Kumar Singhania, filed IA No. 137/CTB/2020 seeking exclusion of time from the Corporate Insolvency Resolution Process (CIRP) period. The application was filed under Rule 13 of NCLT Rules, 2016, for urgent hearing of IA No. 136/CTB/2020 under Rule 11 of NCLT Rules, 2016 and Section 60 (5) (c) of the IBC, 2016. The prayers included exclusion of 68 days from 25.03.2020 to 31.05.2020, and 61 days from 01.06.2020 to 31.07.2020 from the CIRP period of the Corporate Debtor. The application also sought exclusion of any further period of lockdown if extended by the Government of India or the Government of Odisha beyond 31.07.2020. The Corporate Debtor is Maa Durga Rice Processing & Exports Pvt. Ltd.
Order sheet of the…
Start date of the first…