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2019 (9) TMI 1344 - AT - Insolvency and BankruptcyRejection of the Miscellaneous application filed by him before the Adjudicating Authority - HELD THAT:- While we are not inclined to issue any specific direction, give liberty to the Appellant to move an application u/s 12A for settling the claims of all the Creditors including the guarantors - If an application u/s 12A is filed by the Appellant, the ‘Committee of Creditors’ may decide as to whether the proposal given by the Appellant for settlement in terms of Section 12A is better than the ‘Resolution Plan’ as approved by it, and may pass appropriate order. However, as such decision is required to be taken by the ‘Committee of Creditors’, we are not expressing any opinion on the same. Appeal disposed off.
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