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2022 (10) TMI 745 - NATIONAL COMPANY LAW APPELLATE TRIBUNAL , PRINCIPAL BENCH , NEW DELHISeeking Approval of the Resolution Plan - submission of the Counsel for the Appellant is that although the Adjudicating Authority has excluded 58 days’ period but had not granted any specific permission for issuance of Form-G - HELD THAT:- After granting exclusion of 58 days, the Adjudicating Authority has directed the Resolution Professional to complete the process of CIRP within time and file report. When direction was issued by the Adjudicating Authority to Resolution Professional to complete the process, the process includes issuance of Form-G and mere fact that expressly Form-G was not mentioned is inconsequential, we do not find any substance in the submission of the Counsel for the Appellant. Within the time when the amount was not deposited, at this stage, the Appellant cannot be permitted to deposit the amount when another plan has been approved. Further submission that plan which has been approved has value of less than Rs. 2 Crores cannot be a ground to interfere with the approval of the Resolution Plan. Further, the Resolution Applicant whose plan has been approved was already H-2 in the earlier process in which Appellant was H-1. No ground has been made out to interfere with the impugned order - Appeal dismissed.
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