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TMI Blog2019 (9) TMI 1397X X X X Extracts X X X X X X X X Extracts X X X X ..... Code , it is expected that as far as the facts have been noticed by the Committee of Creditors , if no objection is there by the Appellant, he may bring the same to the notice of the Adjudicating Authority who in its turn can check the financial details of the Corporate Debtor in respect of the hotel operations and valuation report. Appeal disposed off. - Company Appeal (AT) (Insolvency) ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... on. Learned counsel appearing on behalf of the Appellant submits that the aforesaid details are required for valuation of the properties which is ₹ 432 Crores, whereas the resolution plan shows that the valuation of the property is ₹ 143 Crores. However, as we find that the resolution plan has already been provided to the Appellant/Promoter, we are not inclined to interfere wi ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ling an application under sub-section (5) of Section 60. On the other hand the record shows that after initiation of corporate insolvency resolution process , the Promoters were not cooperating with the Insolvency Resolution Professional which causes delay. For the said reason, if any infirmity is found, Promoters can blame themselves. In view of the provisions of the I B Code , it is ex ..... X X X X Extracts X X X X X X X X Extracts X X X X
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