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2019 (9) TMI 331 - AT - Insolvency and BankruptcyLiquidation - absence of any approved plan - Section 33(2) of the Insolvency and Bankruptcy Code, 2016 - HELD THAT:- No order of settlement can be passed by this Appellate Tribunal, even though the Appellant, promoter agrees to pay all the dues. However, we direct the liquidator to proceed in terms of the decision in Y. SHIVRAM PRASAD AND ASSET RECONSTRUCTION COMPANY (INDIA) LTD. VERSUS S. DHANAPAL & ORS. AND SERVALAKSHMI PAPER LTD. & ORS [2019 (5) TMI 386 - NATIONAL COMPANY LAW APPELLATE TRIBUNAL, NEW DELHI] wherein a detailed order has been passed as to how the liquidator should proceed - appeal disposed off.
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