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2023 (3) TMI 1411 - AT - Insolvency and BankruptcySeeking grant of relief to file main appeal - Approval of Resolution Plan - privy to resolution Plan - Petitioner/Appellant submit that he is a Third Party, to the impugned order passed by the Adjudicating Authority (Tribunal) - also, Prospective Resolution Applicants, who had suffered, due to the 'Resolution Process' - HELD THAT:- This Tribunal keeping in mind of a vital fact that the Petitioner/Appellant, being an Unsuccessful Resolution Applicant, has no Locus, to assail a Resolution Plan or its implementation, coupled with a candid fact that he is not a Stakeholder, as per Section 31 (1) of the I & B Code, 2016, in relation to the Corporate Debtor, this Tribunal, without any haziness, holds that the Petitioner/Appellant, is not an Aggrieved Person, coming within the ambit of Section 61 (1) of the I & B Code, 2016, especially, when he is not a Privy, to the Resolution Plan. Application dismissed.
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