# In the matter of Noslar International Ltd. (IB)-1031(ND)2018

> NCLT judgment dated 2019-09-03. Citation: TCN-2019-NCLT-01604. CA 1102/2019 was filed, seeking exclusion of certain time in computing the CIR period. The…

- **Court:** NCLT
- **Order date:** 3 Sept 2019
- **Citation:** TCN-2019-NCLT-01604
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-chandigarh/noslar-international-ltd-ib-1031nd2018-755869b1

## Summary

### Background

CA 1102/2019 was filed, seeking exclusion of certain time in computing the CIR period. The resolution applicant wants to revise the plan. 270 days have already passed. The counsel requests an adjournment to convince the bench that the exclusion of days should be granted, and the resolution period can be extended beyond 270 days. CA 1103/2019 is to be listed on the next date of hearing.

## Facts

The resolution applicant filed CA 1102/2019 seeking exclusion of certain time in computing the Corporate Insolvency Resolution (CIR) period. The applicant intends to revise the resolution plan. 270 days have already elapsed in the CIR period. The counsel for the applicant requested an adjournment to demonstrate the justification for excluding certain days, which would allow the resolution period to be extended beyond 270 days. CA 1103/2019 is to be listed on the next date of hearing. The case pertains to M/s. Sonu Trading Company V/s. M/s. Noslar International Ltd.

## Issues and analysis

### Issue 1: Whether the exclusion of certain time should …

**Ratio:** The exclusion of time in computing the CIR period is a discretionary power of the

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**Reasoning:** The court is considering the request for exclusion of time, indicating that the decision

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**Interpretation:** The interpretation of the IBC provisions regarding the CIR period and the

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**Application:** The ratio applies to the specific facts by requiring the court to assess

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## Parties

- **Judges:** L. N. G…; Ina Mal…
- **Respondents:** M/s. Sonu Trading…; M/s. Noslar…
- **Advocates:** Rakesh…

## Timeline

- **2019-09-03 — Hearing…**: Hearing before the New Delhi Bench of…
- **2019-09-12 — Further Consi…**: The case is scheduled for further…

## Legal provisions

- [Insolvency and Bankruptcy Code, 2016, Section 9 — Application for initiation of corporate insolvency…](https://caseease.in/legal-provisions/insolvency-and-bankruptcy-code-2016/section-9)

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