2020 (5) TMI 749

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....Video Conferencing. 2. Ld. Counsel for the Liquidator as well as the Liquidator is present through Video Conferencing facility. The Ld. Counsel for the Applicant being the successful bidder brings to the notice of this Tribunal that the balance consideration was required to be deposited on or before 22.03.2020 and that the Hon'ble Supreme Court of India has passed Order in suo-motto in W.P. (....

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....elief No. 1 also presses for the relief as sought in prayer No. 2 of the Application in relation to the levy of interest for delay in depositing the balance sale consideration. In view of the suo-motto orders passed by the Hon'ble Supreme Court as well as the Hon'ble NCLAT in relation to the period of COVID-19 Lockdown to be excluded, payment of interest will arise only if there is a delay....