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2022 (1) TMI 1406 - AT - Insolvency and BankruptcyOrder for keeping the approval of the ‘Resolution Plan’ in abeyance - HELD THAT:- Avoidance transactions of approximately Rs. 1000/- Crore has also come to the light - No doubt, it is a settled law that commercial wisdom of the ‘Committee of Creditors’ (CoC) is ‘supreme’ and cannot be interfered in a normal circumstance but when ‘figures of crore’ are emerging stagewise then there is no harm to look at the Expert opinion which the Adjudicating Authority in this case has asked for. As far as the RP is concerned, he is treated as an ‘officer’ of the court and as appears to us, no adverse comment has been passed against him. He has only been requested to co-operate with the OL. There is nothing adverse against him. There are no merits in these appeals - appeal disposed off.
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