2021 (4) TMI 897

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....nsolvency & Bankruptcy<br>R. Sucharitha, Member (J) And B. Anil Kumar, Member (T) For the Appellant : V. Venkata Sivakumar, Chartered Accountant, Authorized Representative ORDER R. Sucharitha, Member (J) Order Pronounced on: 07.04.2021 IA/142(CHE)/2021 in IBA/660/2019: 1. This application has been filed under Section 12(2) & 12(3) and Section 60(5) of Insolvency and Bankruptcy Code, 2016 rea....

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....cient time to Financial Creditors to evaluate the plan before submitting to Hon&#39;ble NCLT for approval of the plan, an extension till 27th March 2021 be sought". 4. The Applicant/RP states that a period of 30 days was lost because of error in the name of the Interim Resolution Professional and another period of 30 days also was lost due to various frivolous criminal complaints against the RP i....

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....ays. However, considering that this Applicant/RP had to undergo harassment and also criminal cases as a Resolution Professional in respect of M/s. Bhatia Coke and Energy Limited, the company under CIRP, considerable time and energy was lost. Hence, the Applicant could not effectively conduct the CIR process. Furthermore, the Covid-19 pandemic also does not permit effective operation of the CIR Pro....