2020 (12) TMI 757

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....si Lal Bhat ] Acting Chairperson And [ Justice Anant Bijay Singh ] Member ( Judicial ) For the Appellant : Mr. Pramod K. Sachdeva, Advocates with Mr. Bhim Sain Goyal, IRP in person ORDER (Through Virtual Mode) This appeal is preferred by the Interim Resolution Professional - Shri Bhim Sain Goyal, appointed to conduct the Corporate Insolvency Resolution Process in respect of the Corpora....

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....der passed by the Hon'ble Apex Court in suo moto Writ Petition (Civil) No. 3/2020 on 23rd March, 2020 concerns only filing of petitions/ applications/ suits/ appeals and other proceedings for which period of limitation has been extended w.e.f. 15th March, 2020 till further orders irrespective of the limitation prescribed under the general law or special laws. Though, this direction given by the Ho....

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....udicating Authority have not been addressed. The impugned order to this extent can safely be termed to be a non-speaking order and cannot be supported. 5. It is submitted by Mr. P. K. Sachdeva, learned counsel for the Appellant that lockdown was imposed on 25th March, 2020 and even though the unlock process was stated in a phased manner after 30th June, 2020, many restrictions were continuing i....

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....Creditors dated 9th September, 2020 was warranted. 7. For the reasons stated hereinabove, we set aside the impugned order and while allowing the prayer direct exclusion of time w.e.f 20th March, 2020 to 2nd September, 2020 in reckoning of the ordinary Corporate Insolvency Resolution Process period viz. 180 days. Beyond that, if an occasion arises for seeking extension of time based on cogent re....