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2018 (7) TMI 2157 - NATIONAL COMPANY LAW APPELLATE TRIBUNAL, NEW DELHILiquidation of Corporate Debtor - no viable Resolution Plan placed on record - HELD THAT:- Today, learned counsel for the Appellant reiterated the arguments as was made in the earlier date that there were ‘Resolution Plans’ though there is nothing on the record in support of such arguments. Even if it is presumed that there were some other place but if they were not in accordance with Section 30(2) were not to be placed before the ‘Committee of Creditors’. In fact, the ‘Resolution Plans’ were taken into consideration but the ‘Committee of Creditors’ held that there is no viable ‘Resolution Plan’. In this situation, the ‘Committee of Creditors was not required to request for more time than 180 days. We find that in absence of any viable plan, the Adjudicating Authority has rightly ordered for liquidation of the ‘Corporate Debtor’. Appeal dismissed.
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