# In the matter of Mansa Print & Publishers Limited IA No.224-2020 in CP (IB) No.19-Chd-CHD-2018

> NCLT judgment dated 2020-07-21. Citation: TCN-2020-NCLT-00997. The case involves an application (IA No.224/2020) filed by ANG Lifesciences (India) Limited,…

- **Court:** NCLT
- **Order date:** 21 Jul 2020
- **Citation:** TCN-2020-NCLT-00997
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-chandigarh/mansa-print-publishers-limited-ia-no224-2020-in-cp-ib-no19-chd-chd-2018-f05a6f6c

## Summary

### Background

The case involves an application (IA No.224/2020) filed by ANG Lifesciences (India) Limited, the Successful Resolution Applicant for M/s Mansa Print & Publishers Limited (Corporate Debtor), seeking to revise the payment schedule of the resolution plan approved by the Adjudicating Authority on 18.03.2020. The revision is sought due to the nationwide lockdown imposed by the Government of India because of the COVID-19 pandemic.

## Facts

ANG Lifesciences (India) Limited, the Successful Resolution Applicant for M/s Mansa Print & Publishers Limited (Corporate Debtor), filed IA No.224/2020 seeking to revise the payment schedule of the resolution plan. The resolution plan was previously approved by the Adjudicating Authority on 18.03.2020. The reason for seeking revision was the nationwide lockdown imposed by the Government of India due to the COVID-19 pandemic, which disrupted the applicant's financial plans. The applicant sought exclusion of the lockdown period (25.03.2020 to 31.05.2020) from the payment schedule. The counsel for the respondent, Jalesh Kumar Grover, did not dispute the imposition of the lockdown. The applicant's counsel submitted that they have not filed any appeal against the orders

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## Issues and analysis

### Issue 1: Whether the period of lockdown imposed due to the COVID-19 pandemic should be excluded from the …

**Ratio:** The ratio decidendi is based on the orders of the Hon'ble Supreme Court of India, the

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**Reasoning:** The court reasoned that the orders of the Supreme Court and NCLAT, along with the

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**Interpretation:** The legal issue is interpreted in the context of the COVID-19 pandemic and the

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**Application:** The ratio and reasoning are applied to the specific facts of the case by

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## Parties

- **Judges:** Ajay Kumar…; Pradeep R.…
- **Appellants:** Small Industries…
- **Respondents:** M/s Mansa Print &…

## Timeline

- **2020-03-18 — Approval of Resolution…**: The Adjudicating Authority approved the resolution plan for M/s Mansa Print & Publishers…
- **2020-03-23 — Supreme Court Order on…**: The Supreme Court of India issued an order extending the period of limitation due to the…

## Legal provisions

- [Insolvency and Bankruptcy Code, 2016, Section 31 — Approval of resolution plan](https://caseease.in/legal-provisions/insolvency-and-bankruptcy-code-2016/section-31)

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