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2020 (6) TMI 494
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....Bansi Lal Bhat, Judicial Member And Alok Srivastava, Technical Member For the Appellant : Pranav Vyas and Shashank Agarwal, Advs. For the Respondent : Alok Kumar, Ms. Somya Yadava and Ketul Hansraj, Advs. ORDER 1. From the record we find that in the Corporate Insolvency Resolution Process against 'Unimark Remedies Limited' (Corporate Debtor) the resolution plan submitted by the....
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....with the impugned order as no party has a right to say whether the Adjudicating Authority should go for further valuation before approval of the plan or not and it is open to the Adjudicating Authority to satisfy itself of the plan approved by the Committee of Creditors, to ascertain whether to approve the plan under Section 31 of the I&B Code or not. As the matter is pending since long, we hope t....