9911796707
TMI Blog2018 (7) TMI 2250X X X X Extracts X X X X X X X X Extracts X X X X ..... Insolvency Bankruptcy Code, 2016 - HELD THAT:- There was no resolution applicant who came forward to file a Resolution Plan . The Committee of Creditors in its meeting held on 31st August, 2017 asked the Resolution Professional to come forward with concrete proposal for revival of the company as otherwise they will have to consider the question of liquidating the company. Thereafter in absence of ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ose of liquidation. The grievance of the appellant is that 180 days was to be completed by 21st January, 2018 but much prior to the same, without taking further course of calling for 'Resolution Plan', the matter was hurriedly closed by the 'Committee of Creditors' in its meeting held on 3rd October, 2017 decided to proceed with the liquidation. From the record we find that there was no 'resolut ..... X X X X Extracts X X X X X X X X Extracts X X X X
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