The entire lockdown period i.e. from the date of imposition of lockdown by the GOI till the reopening of NCLT Chandigarh Bench on regular basis after removal of the lockdown be excluded from the compliances in relation to CIRP – New Ram Traders Vs. Rajiv Goyal – NCLT Chandigarh
May 20, 2020
NCLT considering the Suo Motu Writ Petition (Civil) No(s).3/2020, Regulation 40C of the CIRP Regulations, 2016 and Regulation 47A of Liquidation Process Regulations, 2016 held that In the circumstances and since the facts are not disputed by the respondents and in view of the orders of the Hon’ble Supreme Court of India and the NCLAT and the new Regulations issued by the IBBI, the entire lockdown period i.e. from the date of imposition of lockdown by the Government of India till the reopening of National Company Law Tribunal, Chandigarh Bench, on regular basis, after removal of the lockdown, be excluded, from the compliances required to be made under order dated 13.03.2020 in CA No.893/2019, passed by this Tribunal and in relation to the CIRP.
