2021 (6) TMI 575

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... (T) For the Appellant : Dabadatta Mohapatra and Suryakant Satapathy For the Respondents : D.P. Dhal ORDER Sucharitha R., Member (J) 1. This application is filed by the Mr. Surya Kanta Satapathy, Resolution Professional (Hereinafter referred as "the applicant") under Section 60(5)(C) of the Insolvency and Bankruptcy Code, 2016 (Hereinafter referred as "the Code") read with Rule 11 o....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... order for excluding weekend shutdown to be declared for the month of September, 2020 & thereafter if any; (e) Pass such other Order/directions as this Hon'ble Bench may deem fit and necessary in the facts and circumstances of the case. " 2. The applicant submits that this Adjudicating Authority by Order dated 04.09.2019 had initiated the Corporate Insolvency Resolution Process aga....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....cant submits that the NCLT had permitted exclusion of the period from 25.03.2020 to 31.07.2020. The applicant further submits that the exclusion of the period from 31.07.2020 to 31.08.2020 from the total period of Corporate Insolvency Resolution Process of the Corporate Debtor is necessary for the interest of the Corporate Insolvency Resolution Process and for evolving a better Resolution Plan whi....