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TMI Blog2021 (3) TMI 1323X X X X Extracts X X X X X X X X Extracts X X X X ..... r Punjab National Bank - allegation is that the Rules of Natural Justice have not been followed by the COC - HELD THAT:- The Suspended Management being the Promoter was all along represented in the COC meetings and never raised any objection as emanates from para 1 of the impugned order. This being a matter of record, the Appellant- Promoter s disputing the factum of his participation in the COC ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... on that such course cannot be adopted after its confirmation i.e. after approval of the Resolution Plan by the Adjudicating Authority. Appeal dismissed. - Company Appeal (AT) (Insolvency) No. 142 of 2021 - - - Dated:- 2-3-2021 - [Justice Bansi Lal Bhat] Acting Chairperson and [Dr. Ashok Kumar Mishra] Member (Technical) Appellant: Mr. Sunil Bhavsar, Advocate Respondent: Mr. Atul Sh ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e COC meetings cannot be entertained. That apart, under Section 33(2) of the Insolvency and Bankruptcy Code, 2016 read together with explanation inserted by Act 26 of 2019 enforced w.e.f. 16th August, 2019, the COC is empowered to take a decision in regard to liquidation of the Corporate Debtor even after an application has been filed by the Resolution Professional placing the Resolution Plan appr ..... X X X X Extracts X X X X X X X X Extracts X X X X
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