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2018 (3) TMI 1928 - NATIONAL COMPANY LAW TRIBUNAL, KOLKATA BENCHRejection of expression of interest without assigning any reason - principles of natural justice - HELD THAT:- At the time of hearing it is brought to my notice a letter issued by the State Bank of India stating that no amount is due from the resolution applicant and in the above circumstances the resolution applicant is not at all a defaulter within the meaning of Section 29A of the amended Code. The resolution applicant is hereby directed to submit all the required documents before the Resolution Professional in order to ascertain whether the resolution applicant comes under the purview of Section 29A and submit all the Resolution Plans as per Section 25(i) of the Insolvency and Bankruptcy Code. 2016 before the Committee of Creditors for its consideration. It is made clear that rejection or approval of a Resolution Plan is the right of the Committee Of Creditors and Resolution Professional cannot reject any Plan without a decision of Committee of Creditors. For further hearing, if any, list it on 15/03/2018.
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