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2018 (4) TMI 1746 - AT - Insolvency and BankruptcyMaintainability of appeal - Liquidation proceeding - Insolvency and Bankruptcy Code, 2016 - it was alleged that without following the procedure for resolution process, the impugned order of liquidation has been passed - HELD THAT:- From the record, we find that the Directors have not cooperated with the Resolution Professional. The title deeds of the properties belonging to the ‘Corporate Debtor’ and other records were not supplied to the ‘Resolution Professional’. The resolution process started on 23rd August, 2017 and 180 days expired on 19th February, 2018. Taking into consideration the fact already 180 days has completed and the Directors were not co-operating with the ‘Resolution Professional’ or ‘Committee of Creditors’, the Adjudicating Authority had no option but to pass order in accordance with Section 3 of the I & B Code, we find no merit in the appeal. Appeal dismissed.
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