2020 (11) TMI 535

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....a Rao Vittanala, Member (J) And Ashutosh Chandra, Member (T) For the Appellant : H. R. Katti, Advocate For the Respondent : Ramanahalli S. Doddabyregowda, IRP ORDER Rajeswara Rao Vittanala, Member (J) 1. I.A. No. 321/2020 in C.P. (IB)No. 357/BB/2019 is filed by Ramanahalli S. Doddabyregowda, Resolution Professional of Southern Batteries Pvt. Ltd. (Applicant), U/s. 12(2) of IBC, 2016....

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....quently, he was confirmed as RP. (2) However, due to Country vide lock down imposed by Government of India on an account of COVID-19 pandemic Valuation work and finalization of financial statements by Corporate Debtor on 31.03.2019 and provisional Balance Sheet on 19.02.2020 could not be completed due to such lockdown. The existing time-line for CIRP expiring on 17.08.2020 and this Applic....

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....nce of the situation arising out of the challenge faced by the Country on account of Covid-19 Virus and resultant difficulties that may be faced by litigants across the Country in filing their Petitions/Applications/Suits/Appeals/all other proceedings within the period of limitation prescribed under the general law of limitation or under Special Laws (both Central and/or State). To obviat....

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....inate Courts/Tribunals within their respective jurisdiction. Issue notice to all the Registrars General of the High Courts, returnable in four weeks." IBBI has also inserted Regulation 47A to the Insolvency and Bankruptcy Board of India (Liquidation Process) Regulations, 2016, vide notification dated 20.04.2020, which reads as under: "Exclusion of period of lockdown" 47A. Subject....