ORDER

Per: Bidisha Banerjee, Member (Judicial)

1. This Court congregated through a hybrid mode.

2. Heard the Learned Counsels for both parties.

3. The instant application being I.A. (IB) No. 1322/KB/2025, has been preferred by a Mr. Manish Jain, Liquidator of Sasa Musa Sugar Works Private Limited under Section 60 (5) of the Insolvency and Bankruptcy Code, 2016 , for brevity “I&B Code” seeking the following reliefs:

a. Allow this application.

b. Exclude 61 days from 1st May, 2025 (the date when the order was passed by the Hon’ble National Company Law Appellant Tribunal) till 30th June, 2025 (the date of the 6th SCC meeting when the SCC Members authorized the Liquidator to publish further e-auction notice for the Corporate Debtor as a going concern)

c. Pass such other or further orders as may be deemed fit and proper in the facts and circumstances of the case.

4. Submission of the Applicant:

4.1 It is submitted that the liquidation of the Corporate Debtor commenced on 20.02.2025 by order of this Adjudicating Authority and the Applicant was appointed as Liquidator under Section 34 (1) of the IBC. Upon taking charge, the Applicant secured the assets and assessed that a sale of the Corporate De