An application was filed under Section 12(2) of IBC, 2016 for an extension of the Corporate Insolvency Resolution Process (CIRP) period. The CIRP had commenced on September 20, 2019, by an order of the Adjudicating Authority. The statutory 330-day period for the CIRP had already ended, and no resolution plan had been put forth for the revival of the Corporate Debtor. The counsel for the applicant informed the Tribunal that there was no resolution plan available for the corporate debtor's revival, and there was no viability for its revival. Consequently, the request for an extension of the CIRP period was declined by the Adjudicating Authority. Since the 330-day period had expired without a resolution plan, the Adjudicating Authority ordered the liquidation of the

An application was filed under Section 12(2) of IBC, 2016 for an extension of the Corporate Insolvency Resolution Process (CIRP) period. The CIRP had commenced on September 20, 2019, by an order of the Adjudicating Authority. The statutory 330-day period for the CIRP had already ended, and no resolution plan had been put forth for the revival of the Corporate Debtor. The counsel for the applicant informed the Tribunal that there was no resolution plan available for the corporate debtor's revival, and there was no viability for its revival. Consequently, the request for an extension of the CIRP period was declined by the Adjudicating Authority. Since the 330-day period had expired without a resolution plan, the Adjudicating Authority ordered the liquidation of the