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2018 (3) TMI 1768 - NATIONAL COMPANY LAW APPELLATE TRIBUNAL, NEW DELHIJurisdiction - modification of ‘resolution plan’ once approved by the Committee of Creditors - HELD THAT:- Learned counsel for the appellant submits that the Adjudicating Authority has no jurisdiction to modify the ‘resolution plan’ once approved by the Committee of Creditors. However, if such submission is accepted in that case then only recourse will be available to the Adjudicating Authority is to reject the resolution plan, being not satisfied with the resolution plan. The appellant submits that the appellant does not want liquidation of the corporate debtor. In this regard, while we are not expressing any opinion, give liberty to the appellant to withdraw the resolution plan, if it is not satisfied with the amendment made therein. In such case the Adjudicating Authority will allow the same and proceed with the liquidation. The appeal is disposed of with the aforesaid liberty.
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