# In the  matter of Trend Flooring Pvt. Ltd. IA-3781-2021 in IB-1694(ND)-2018

> NCLT judgment dated 2021-09-01. Citation: TCN-2021-NCLT-01234. The case pertains to an application filed by the Liquidator under Regulation 44(2) read with…

- **Court:** NCLT
- **Order date:** 1 Sept 2021
- **Citation:** TCN-2021-NCLT-01234
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-chandigarh/trend-flooring-pvt-ltd-ia-3781-2021-in-ib-1694nd-2018-9d9a9a88

## Summary

### Background

The case pertains to an application filed by the Liquidator under Regulation 44(2) read with 47A of the IBBI (Liquidation Process) Regulations, 2016, and Rule 11 of the NCLT Rules, 2016, seeking appropriate directions. The Applicant prayed for exclusion of the lockdown period imposed by the Govt of NCT Delhi from 20.04.2021 to 06.06.2021 (48 days) from the computation of the liquidation period and also prayed for an extension of the liquidation period for one year as laid down under 44(2) of the Liquidation Process Regulations, 2016.

## Facts

Flexituff Ventures International Ltd is the Operational Creditor, and Trend Flooring (P) Ltd is the Respondent. An application (IA-3781/2021) was filed by the Liquidator seeking exclusion of the lockdown period (20.04.2021 to 06.06.2021) imposed by the Delhi government from the computation of the liquidation period. The Liquidator also sought an extension of the liquidation period for one year. The court considered these requests in light of Regulation 44(2) read with 47A of the IBBI (Liquidation Process) Regulations, 2016, and Rule 11 of the NCLT Rules, 2016.

## Issues and analysis

### Issue 1: Whether the lockdown period imposed by the Government of NCT Delhi from 20.04.2021 to 06.06.2021 …

**Ratio:** Regulation 44(2) read with 47A of the IBBI (Liquidation Process) Regulations, 2016, and

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**Reasoning:** The court considered the submissions made by the Counsel for the Liquidator and the

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**Interpretation:** The regulations and rules allow for the exclusion of periods where

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**Application:** The court granted the exclusion of 48 days (20.04.2021 to 06.06.2021) from the

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## Parties

- **Judges:** P.S.N. P…; Narender Kumar…
- **Appellants:** Flexituff…
- **Respondents:** Trend Flooring…
- **Advocates:** Abhishek…; Mohak S…

## Timeline

- **2021-04-20 — Lockdown Sta…**: Government of NCT Delhi…
- **2021-06-06 — Lockdown En…**: Government of NCT Delhi…

## 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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