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2020 (7) TMI 237 - AT - Insolvency and BankruptcyApproval of Resolution Plan - validity of public notice dated 18-4-2019 issued by the Resolution Professional - Jurisdiction of issuing public notice - HELD THAT:- The Appellant who was an Operational Creditor could not seek intervention after approval of Resolution Plan by the Adjudicating Authority. Admittedly, the Resolution Plan was approved by the Adjudicating Authority on 8-4-2019 and in terms of provision embodied in Section 31(1) of the I&B Code the approved Resolution Plan is binding on all stakeholders involved in the Resolution Plan including the 'Creditors'. It is not in dispute that approved Resolution Plan has not been assailed by the Appellant in appeal under section 61 of the I&B Code and limitation for filing such appeal has already expired. Thus, the approved Resolution Plan has attained finality and is beyond the pale of challenge at the instance of Appellant - 'Operational Creditor'. It also emerges from the record that the Appellant had all along been represented throughout the Corporate Insolvency Resolution Process proceedings as a creditor and it could not lie in his mouth that the proceedings qua the validity or otherwise of the permitted User Agreement of the brand name were conducted behind its back - Appeal dismissed.
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