Home Case Index All Cases Insolvency and Bankruptcy Insolvency and Bankruptcy + Tri Insolvency and Bankruptcy - 2021 (2) TMI Tri This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2021 (2) TMI 161 - Tri - Insolvency and BankruptcyApproval of Resolution plan - Section 30 (6) of the Insolvency & Bankruptcy Code, 2016 - HELD THAT:- This Bench observes as under: (i) Several opportunities were given by this Tribunal to the applicant in full compliance of the rules of natural justice in the proceedings of MA/10/KOB/2020. But they had chosen not to appear before this Bench. (ii) In view of the Final order dated 26.02.2020 in MA/10/KOB/2020, the order dated 12.02.2020 declaring R3 as ex parte has attained finality. (iii) There is no reason to modify the order or dispense with the proceedings of this Tribunal in MA/10/KOB/2020 which had been concluded and have attained judicial finality. (iv) The Proviso to Section 420(2) of the Companies Act, 2013 states as under: “Provided that no amendment shall be made in respect of any order against which an appeal has been preferred under this Act”. This Bench find no merit in this application - Application dismissed.
|