2021 (3) TMI 1323

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....of 2021 - -<br>Insolvency & Bankruptcy<br>[Justice Bansi Lal Bhat] Acting Chairperson and [Dr. Ashok Kumar Mishra] Member (Technical) Appellant: Mr. Sunil Bhavsar, Advocate Respondent: Mr. Atul Sharma, Advocate ORDER The only issue raised in this appeal preferred against order dated 31st December, 2020 passed by the Adjudicating Authority (National Company Law Tribunal), Ahmedabad Bench, Cour....

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....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 approved by the COC before the Adjudicating Authority for approval. Of course, the withdrawal of the Resolution Plan can be done before its approval by the Adjudicating Authority. This implies that even after approv....