2020 (5) TMI 66

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....Process' against 'Print House (India) Private Limited'- ('Corporate Debtor'), one Miscellaneous Application was filed by 'Sify Technologies Limited' for additional information from the 'Resolution Professional' to enable the said Applicant to submit a 'Resolution Plan' and the only prayer was made to condone the delay of the submission of the 'Resolution Plan' as the Applicant is not in a position to reasonably evaluate the liabilities and claims that may devolve upon the said Applicant- 'Sify Technologies Limited'. 2. The Adjudicating Authority (National Company Law Tribunal), Mumbai Bench, Mumbai on hearing the said Applicant- 'Sify Technologies Limited' and the 'Resolution Professional' and the party who submitted the 'Resolution Plan' ....

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....d and allowed by the Adjudicating Authority by the same impugned order dated 7th August, 2019 admitting the claim of the Government Department. 6. The aforesaid combined impugned order dated 7th August, 2019 is under challenge in this appeal. 7. The Appellant who is one of the 'Resolution Applicants' submitted the plan within time. It has objection with regard to the plan as may be submitted by the aforesaid Applicants particularly 'Sify Technologies Limited'. 8. Learned counsel for the Appellant submitted that the last date for submission of the 'Resolution Plan' was 10th July, 2019 and 270 days was to expire on 14th July, 2019. 9. It was further submitted that the 'Resolution Applicant' based upon information/ data shared by the 'Reso....

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....hundred and eighty days, it may by order extend the duration of such process beyond one hundred and eighty days by such further period as it thinks fit, but not exceeding ninety days: Provided that any extension of the period of corporate insolvency resolution process under this section shall not be granted more than once. Provided further that the corporate insolvency resolution process shall mandatorily be completed within a period of three hundred and thirty days from the insolvency commencement date, including any extension of the period of corporate insolvency resolution process granted under this section and the time taken in legal proceedings in relation to such resolution process of the corporate debtor: Provided also that whe....