2018 (8) TMI 2063

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....And Bansi Lal Bhat, JJ. For Appellant : Mr. S. Santanam Swaminadhan and Ms. Nishtha Khurana, Advocates For 1st Respondent: Mr. Rajiv S. Roy, Mr. Avrojyoti Chatterjee, Ms. Jayasree Saha and Mr. Prateek Kushwaha, Advocates For 2nd Respondent : Mr. C. Ramasubramaniam, R.P ORDER The grievance of the appellant is that though a 'resolution plan' was submitted by him but without givin....

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....consideration the fact that the 'resolution plan' was submitted on 178th day and on the next day i.e. 179th day the 'Committee of Creditors' decided to go for liquidation as 180th day was to be completed and order under Section 31 of the Insolvency and Bankruptcy Code, 2016 (hereinafter referred to as the 'I&B Code') was required to be passed and in absence of any good reason for extension of time....