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2023 (11) TMI 482 - AT - Insolvency and BankruptcyLiquidation of the Corporate Debtor - no resolution plan has been received in the CIRP - HELD THAT:- When no resolution plan has come up in the CIRP, Liquidation is only option which was rightly resolved by the CoC in its meeting. The Adjudicating Authority did not commit any error in allowing the Application of Resolution Professional for liquidation. So far as litigation by Suspended Director against the Bank, there was no occasion to RP to pursue the same as far as any litigation on behalf of the Company, leave of the Court was required for pursuing the said application which admittedly has not been obtained. We see no substance in the above submission of the Appellant. Appeal dismissed.
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