2018 (9) TMI 1959

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....opadhaya, Chairperson AND Justice Bansi Lal Bhat Member (Judicial) For Appellant : Mr. Pradeep Misra and Mr. Daleep Dhyani, Advocates For 1st Respondent: Mr. Abhishek Anand and Mr. Anant A. Pavgi, Advocates For 2nd Respondent : Mr. Jayant Mehta, Mr. Sajal Jain and Mr. Mohit D. Ram, Advocates For 3rd Respondent : Mr. R.P. Agrawal, Advocate ORDER The appellant "Madhya Gujarat Vij C....

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....out notice and hearing the appellant (Operational Creditor) but such submission cannot be accepted as there is no requirement to issue notice to the 'Operational Creditor(s)' or any other 'creditors' for approving a 'Resolution Plan' under Section 31 of the I&B Code, having already approved by the 'Committee of Creditors' by majority voting share and in absence of any violation of Section 30(2) of....

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.... employees, members, creditors, guarantors and other stakeholders involved in the resolution plan. (2) Where the Adjudicating Authority is satisfied that the resolution plan does not confirm to the requirements referred to in sub-section (1), it may, by an order, reject the resolution plan. (3) After the order of approval under sub-section (1),- (a) the moratorium order ....