CIRP time exclusion justified where tribunal orders, claim verification issues, and RP replacement stalled resolution progress.

The exclusion of time from the Corporate Insolvency Resolution Process was justified because the process was materially hindered by orders restricting implementation of CoC decisions, an undertaking suspending decisions until claim verification, replacement of the Resolution Professional, and related disputes. On that basis, the period from 20.08.2024 to 28.05.2025 had to be excluded without carving out any exception. The exception earlier created was modified, and the entire period from 25.03.2022 to 21.07.2025 stood excluded from the CIRP period.

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Issues: Whether the period from 20.08.2024 to 28.05.2025 was liable to be excluded from the Corporate Insolvency Resolution Process period without carving out any exception.

Analysis: The exclusion application was founded on the fact that the CIRP was materially affected by orders passed during the relevant period, by directions restricting implementation of CoC decisions, by an undertaking that no decisions would be taken until verification of claims, and by the replacement of the Resolution Professional and related disputes. These circumstances showed that the resolution process could not proceed normally and that the excluded span was part of the hindrance to completion of CIRP.

Conclusion: The period from 20.08.2024 to 28.05.2025 ought to have been excluded. The exception carved out by the Adjudicating Authority was /modified, and the entire period from 25.03.2022 to 21.07.2025 stood excluded from the CIRP period.

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