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2019 (8) TMI 1798 - AT - Insolvency and BankruptcyLiquidation order - Section 33(1)(a) and 34 of the Insolvency & Bankruptcy Code, 2016 - HELD THAT:- The Resolution Applicant having no right to file a Resolution Plan as held by Hon’ble Supreme Court in Arcelormittal India Private Limited vs. Satish Kumar Gupta and Ors. [2018 (10) TMI 312 - SUPREME COURT], the Resolution Applicant cannot file any application for exclusion of any period for the purpose of counting total period of 270 days for which it was open to the Committee of Creditors / Resolution Professional to file application for exclusion of time, for good ground and if the Resolution Plan is viable and feasible, Resolution Plan needs consideration, in absence of such application by the Committee of Creditors / Resolution Professional, no relief can be granted in an application preferred by the Appellant. Impugned Order need not be interfered - appeal disposed off.
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