Dr. Ram Kumar Mishra, PCMA, representing the applicant/RP, filed an application under Section 12(2) of the IBC seeking an extension of the CIRP period. The application requested a 90-day extension beyond the initial 180 days and the exclusion of the lockdown period from March 25, 2020, to June 30, 2020. The CoC, in its fourth meeting held on July 20, 2020, passed a resolution approving the extension of CIRP with 100% voting shares. The applicant argued that the extension was necessary due to the circumstances, including the lockdown. The court considered these facts and the submissions made by the applicant/RP.

Dr. Ram Kumar Mishra, PCMA, representing the applicant/RP, filed an application under Section 12(2) of the IBC seeking an extension of the CIRP period. The application requested a 90-day extension beyond the initial 180 days and the exclusion of the lockdown period from March 25, 2020, to June 30, 2020. The CoC, in its fourth meeting held on July 20, 2020, passed a resolution approving the extension of CIRP with 100% voting shares. The applicant argued that the extension was necessary due to the circumstances, including the lockdown. The court considered these facts and the submissions made by the applicant/RP.