2021 (11) TMI 467

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... For the Appellant : Party-in-Person ORDER 1. This IA(IBC)/152/KOB/2021 has been filed by the Applicant/Liquidator of the Corporate Debtor Company M/s. Goodwin Packpet Private Limited seeking the following reliefs:- i. Pass an order excluding the period from 11th January 2021 to 28th July 2021 i.e., period allowed for restructuring the corporate debtor from Liquidation. ....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... the relaxation of nationwide Lockdown declared by the Government. The IRP published the public notice on 24.10.2020 in two dailies under Sections 13 & 15 of IBC 2016. Thereafter, on the request made by the IRP, this Tribunal extended the period for completion of CIRP up to 30.11.2020. On 01.12.2020 the IRP filed an Application before this Tribunal under Section 33 (2) for Liquidation of the Corpo....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... (Liquidation Process) Regulations, 2016, compromise or arrangement proposed under Section 230 of the Companies Act, 2013 should be completed within 90 days from the date of commencement of liquidation. Hence, compromise or arrangement proposed under Section 230 of the Companies Act, 2013 should have been completed on or before 11th April, 2021. He has also stated that vide letter dated 29th March....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....he date of that order to clear off the debt due to the creditors so as to get re-structured the Company 'Goodwin Packpet Private Limited. But they could not restructure the company within the aforesaid 30 days of extension granted by this Tribunal. The period allowed to them by this Tribunal expired on 28th July 2021. The applicant is in the process of liquidating Goodwin Packpet Private Limit....