https://www.taxtmi.com/caselaws?id=411722 The NCLT Kolkata Bench considered exclusion of 24.03.2020 to 03.02.2021 from the CIRP period, noting that the CoC had resolved to liquidate the corporate debtor and that the process was impeded by the COVID-19 lockdown, missing records, absence of information memorandum materials, and no publication of expression of interest. It excluded 317 days from the CIRP period. With no resolution plan received, no Form G published, and the extended CIRP period expired, the tribunal held liquidation was the only available course and ordered liquidation of the corporate debtor with appointment of a liquidator and consequential statutory directions. en-us Fri, 06 Aug 2021 00:00:00 +0530 Thu, 02 Sep 2021 08:58:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=411722 The NCLT Kolkata Bench considered exclusion of 24.03.2020 to 03.02.2021 from the CIRP period, noting that the CoC had resolved to liquidate the corporate debtor and that the process was impeded by the COVID-19 lockdown, missing records, absence of information memorandum materials, and no publication of expression of interest. It excluded 317 days from the CIRP period. With no resolution plan received, no Form G published, and the extended CIRP period expired, the tribunal held liquidation was the only available course and ordered liquidation of the corporate debtor with appointment of a liquidator and consequential statutory directions. Case-Laws Insolvency and Bankruptcy Fri, 06 Aug 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=411722