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2018 (6) TMI 536 - AT - Insolvency and BankruptcyCorporate Insolvency Resolution Process - Held that:- Once the ‘Resolution Process’ reaches finality and the ‘Committee of Creditors’ reject the ‘Resolution Plan’ in view of Sections 30 & 31 of the ‘I&B Code’, the Adjudicating Authority had no other option but to order for initiation of Liquidation Process. In such case, there is no occasion to grant further extension of time, as all the procedural has been followed in letter and spirit. No merit in these appeals.
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