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2022 (8) TMI 1375 - AT - Insolvency and BankruptcyRejection of prayer to allow him to submit a Revised Resolution Plan - request of the Appellant to revive the Application was subsequently rejected on the ground of no locus and no merit - HELD THAT:- From the facts brought on record, it does appear that Application was filed by the Appellant i.e. I.A. No. 406 of 2022 in March, 2022 however the said Application was firstly rejected in his absence and secondly on an request to revive the Application the same was dismissed on the ground of no locus and holding that there is no merit. No reasons have been given in the Order impugned as to how the Appellant has no locus. When the Application for approval of the Resolution Plan is under consideration before the Adjudicating Authority this Appeal need not be entertained. End of Justice be served giving liberty to the Appellant to raise his objections regarding the approval of the Resolution Plan which may be heard by the Adjudicating Authority while considering the Application for approval of the Resolution Plan in accordance with law - it is made clear that no opinion on the merits of the Appeal is given. Appeal disposed off.
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