The case involves an application filed by the Resolution Professional (RP) of South East U.P. Power Transmission Company Limited seeking the exclusion of 90 days from the Corporate Insolvency Resolution Process (CIRP) period. The CIRP was initiated on 06.07.2020, and the RP was initially Mr. Rajesh Samon, later replaced by Mr. Shailesh Verma. Previously, 224 days had already been excluded from the CIRP based on prior orders. The applicant argues that delays in the Scheduled Commercial Operation date of a transmission line project, due to external factors and delays in handing over critical documents from the liquidator of Isolux Corsan India Engineering & Constructions Private Limited, justify the exclusion. Extensions were also granted to prospective resolution

The case involves an application filed by the Resolution Professional (RP) of South East U.P. Power Transmission Company Limited seeking the exclusion of 90 days from the Corporate Insolvency Resolution Process (CIRP) period. The CIRP was initiated on 06.07.2020, and the RP was initially Mr. Rajesh Samon, later replaced by Mr. Shailesh Verma. Previously, 224 days had already been excluded from the CIRP based on prior orders. The applicant argues that delays in the Scheduled Commercial Operation date of a transmission line project, due to external factors and delays in handing over critical documents from the liquidator of Isolux Corsan India Engineering & Constructions Private Limited, justify the exclusion. Extensions were also granted to prospective resolution