2019 (1) TMI 1773

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..... ate Debtor - case of Committee of Creditors is that in absence of any resolution plan , the application under Section 33 was filed by the Resolution Professional with the approval of the Committee of Creditors after 80 days. However, the Adjudicating Authority awaited to find out whether any other person is ready to file resolution plan . The impugned order was passed on 26th October, 2018 only on .....

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..... by the Adjudicating Authority passed the order under Section 33(2) of the Insolvency and Bankruptcy Code, 2016 (for short, the 'I&B Code') directing for liquidation of the 'corporate debtor'. On the last occasion when the matter was taken up on 14th December, 2018, learned counsel for the appellant submitted that the order of liquidation had passed only after 80 days but such submission was not ac .....

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