2019 (1) TMI 1773

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..... Committee of Creditors after 80 days. However, the Adjudicating Authority awaited to find out whether any other person is ready to file resolution plan . The impugned order was passed on 26th October, 2018 only on completion of 180 days. HELD THAT:- In view of the aforesaid stand taken by the respondent and not denied by the appellant and in absence of any resolution plan , no other option l .....

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..... Bankruptcy Code, 2016 (for short, the I B Code ) directing for liquidation of the corporate debtor . On the last occasion when the matter was taken up on 14th December, 2018, learned counsel for the appellant submitted that the order of liquidation had passed only after 80 days but such submission was not accepted by this Appellate Tribunal in view of the fact that within the time for filing of .....

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