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2020 (11) TMI 242 - Tri - Insolvency and BankruptcyValidity of retraction of resolution to approach the Central Government for its approval with regard to the remuneration of the Applicant passed in the seventh meeting of the Committee of Creditors held on 30.08.2018 - compliance with the directions of the Committee of Creditors in the meeting held on 26.04.2018 to make an application to the Central Government seeking approval for the remuneration paid to the Applicant - reimbursement of legal expense incurred by the Applicant - HELD THAT:- It is seen that the instant IA was filed during the period of CIRP of the Corporate Debtor and any action on the part of the RP for getting approval from the Central Government required CoC's approval with ' the requisite majority which was not forthcoming. Meanwhile this Adjudicating Authority vide its order dated 26.07.2019 in 1A Nos. 544 & 680 of 2019 has passed an Order of Liquidation. In view of the Liquidation of the Corporate Debtor, this Adjudicating Authority deems it proper not to adjudicate upon the instant IA at this point of time and feels it proper to direct the Applicant herein to approach Liquidator for the relief in relation to the approval of remuneration by Central Government - application disposed off.
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