TMI Blog2020 (12) TMI 1271X X X X Extracts X X X X X X X X Extracts X X X X ..... AT:- Having regard to the Judgments rendered by this Appellate Tribunal holding that the Successful Resolution Applicant cannot be permitted to withdraw the approved Resolution Plan coupled with the fact that the Appellant in the instant case being the sole Resolution Applicant in the Corporate Insolvency Resolution Process (CIRP) of the Corporate Debtor which has been classified as an MSME and ad ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... the Appellant : Mr. Tirth Nayak, Mr. Abhijeet Swaroop, Advocates. ORDER (Through Virtual Mode) This appeal is directed against dismissal of I.A No. 96 of 2020 at the hands of the Adjudicating Authority (National Company Law Tribunal), Indore Bench at Ahmedabad by impugned order dated 23rd October, 2020 by virtue whereof the Appellant s prayer for revision of the approved Resolution ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ocess (CIRP) of the Corporate Debtor which has been classified as an MSME and admittedly having knowledge of the financial health of the Corporate Debtor as a promoter or a connected person cannot be permitted to seek revision of the approved Resolution Plan on that ground which would not be a material irregularity within the ambit of Section 61(3) of the Insolvency and Bankruptcy Code, 2016. We a ..... X X X X Extracts X X X X X X X X Extracts X X X X
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