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2018 (9) TMI 338 - Tri - Insolvency and BankruptcyCorporate insolvency process - Approval of Resolution Plan - Held that:- In the case on hand, the Resolution Applicant has filed a Resolution Plan and it has been approved by the CoC and the same is placed before this Authority by the Resolution Professional for its approval and this Authority by this common order is approving the Resolution Plan filed by the Resolution Applicant. In the Resolution Plan, certain amount is set apart for payment towards operational creditors. Since the claim of the Applicant involves questions of law and fact, it needs to be decided on evidence. The Applicant is at liberty to revive its claim before the appropriate forum, at appropriate stage and as decided by such forum, the payment shall be made to the Applicant proportionately from out of the amount set apart for payment to operational creditors in the Resolution Plan. This Application is disposed of accordingly.
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