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TMI Blog2021 (7) TMI 1420X X X X Extracts X X X X X X X X Extracts X X X X ..... S. Cheema ] The Officiating Chairperson And [ Dr. Alok Srivastava ] Member ( Technical ) For the Appellant : Mr. Sonu Bhatnagar, Sr. Advocate with Mr. Vaibhav Joshi, Ms. Mallika Joshi and Mr. Venus Mehrotra, Advocates For the Respondent : Mr. Jaimin R Dave, Advocate ORDER ( Virtual Mode ) This Appeal has been filed by the Appellant against impugned order dated 7th August, 2020 passed in I.A. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ounsel submits that the claim was admitted to the extent of Rs.2,36,67,282/-. It is stated that the Resolution Plan approved by the Committee of Creditors has made provision of only Rs.1,18,336/- as full and final settlement of the dues of the Appellant, as can be seen from Annexure A-4 (Page 53). 3. The Learned Counsel for the Appellant submits that the amount approved for the Appellant - Operat ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... stand frozen and will be binding on the Corporate Debtor and its employees, members, creditors, including the Central Government, any State Government or any local authority, guarantors and other stakeholders. On the date of approval of resolution plan by the Adjudicating Authority, all such claims, which are not a part of resolution plan, shall stand extinguished and no person will be entitled to ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ent, any local authority, Guarantors and other stakeholders. Sufficiency or insufficiency of the amount is matter of Commercial Decision of the Committee of Creditors. It would not be appropriate on our part to interfere in the same. As such, the appeal does not make out any ground to admit the same. 6. For the given reasons, we decline to admit the Appeal. The Appeal is disposed of as not admitt ..... X X X X Extracts X X X X X X X X Extracts X X X X
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