# In the matter of Maa Durga Rice Processing & Exports Pvt. Ltd. TP No. 30-CTB-2019, CP (IB) No. l323-KB-2018, IA No. l36-CTB-2020,IA No. l37-CTB-2020

> NCLT judgment dated 2020-08-05. Citation: TCN-2020-NCLT-00899. The document pertains to IA No. 137/CTB/2020, filed by Resolution Professional Mr. Kamalesh…

- **Court:** NCLT
- **Order date:** 5 Aug 2020
- **Citation:** TCN-2020-NCLT-00899
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-chandigarh/maa-durga-rice-processing-exports-pvt-ltd-tp-no-30-ctb-2019-cp-ib-no-l323-kb-201-df488d4b

## Summary

### Background

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.

## Facts

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.

## Issues and analysis

### Issue 1: Whether the application for exclusion of time from the CIRP period should be allowed due to the …

**Ratio:** The ratio is based on the principle that the CIRP timeline can be adjusted to account for

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**Reasoning:** The court reasoned that the lockdown imposed by the Government of India and the

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**Interpretation:** The interpretation involves understanding the impact of external factors, such

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**Application:** The ratio and reasoning were applied to the specific facts of the case, where

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## Parties

- **Judges:** Sucharitha…; Satya Ranjan…
- **Appellants:** Pranay Ag…
- **Respondents:** Maa Durga Rice…; Durga Prasa…

## Timeline

- **2020-08-05 — Hearing…**: Order sheet of the hearing on…
- **2020-03-25 — Start of First…**: Start date of the first period to…

## Legal provisions

- [Insolvency and Bankruptcy Code, 2016, Section 60(5) — Adjudicating Authority for corporate persons](https://caseease.in/legal-provisions/insolvency-and-bankruptcy-code-2016/section-60)

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