2018 (12) TMI 1914

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..... n the meantime 270 days having lapsed on 5th of September, 2018, the Resolution Professional filed a miscellaneous application for liquidation, which is accepted and order of liquidation has been passed. On such order, as the committee of creditors ceased to exist and become functus officio even if we set aside the impugned order dated 31st October, 2018 and remove Mr. V. Nagarajan, the order .....

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..... of creditors to remove Mr. V. Nagarajan, Resolution Professional has been rejected and order of liquidation has been passed u/s 33(1)(a)/34(1) of the Insolvency and Bankruptcy Code, 2016 ( I B Code for short) Learned counsel appearing on behalf of the appellant(s) submitted that committee of creditors by 100% majority votes decided to remove Mr. Mr. V. Nagarajan, Resolution Professional .....

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..... rder of liquidation cannot be declare illegal as more than 270 days having passed. For the reason aforesaid no relief can be granted. The appeal is dismissed. No cost. However, this order passed by the Appellate Tribunal does not mean that we have given a finding relating to performance or activity of Mr. V. Nagarajan, Resolution Professional/liquidator in which is for the IBBI to decide pursua .....

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