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2023 (1) TMI 1353 - AT - Insolvency and BankruptcyApproval of Resolution Plan - plan has not been allocated any amount - no consideration in the plan about the claim of the Appellant – Operational Creditor - HELD THAT:- The Para 30(ii) extracts Form H submitted by the Resolution Professional which clearly indicate that the Liquidation value of the Appellant is Nil. Even the Operational Creditors that is Government whose verified claim is Rs.295.18 Crores ware paid Nil. We do not find any error in the order by which no amount was allocated to the Appellant. The requirement for the obligation for payment of amount to the Operational Creditor is under Section 30(2)(b). It is not shown that there is any breach of provisions of the Section 30(2)(b). As per the law as exist today, the Operational Creditors are only entitled for minimum of the liquidation value and there being no breach of any of the provisions of the Code - There are no reason to interfere with the impugned order - appeal dismissed.
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