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2018 (12) TMI 1914 - AT - Insolvency and BankruptcySeeking removal of Resolution Professional - order of liquidation has been passed u/s 33(1)(a)/34(1) of the Insolvency and Bankruptcy Code, 2016 - HELD THAT:- No ‘resolution plan’ was approved by the ‘committee of creditors’ and in the meantime 270 days having lapsed on 5th of September, 2018, the ‘Resolution Professional’ filed a miscellaneous application for liquidation, which is accepted and order of liquidation has been passed. On such order, as the ‘committee of creditors’ ceased to exist and become functus officio even if we set aside the impugned order dated 31st October, 2018 and remove Mr. V. Nagarajan, the order of liquidation cannot be declare illegal as more than 270 days having passed. Thus, no relief can be granted. The appeal is dismissed.
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