NCLT Dismisses PAL Infrastructure CIRP Time Exclusion

NCLT dismissed PAL Infrastructure RP's application seeking exclusion of time period from CIRP due to stay order.
RP sought to exclude period from 15.12.2020 till stay vacation from Corporate Debtor's CIRP timeline.
Tribunal found application premature as stay order dated 15.12.2020 remains operative and pending adjudication.
RP granted liberty to file fresh application for exclusion/extension once stay is vacated or modified.