TMI Blog2023 (10) TMI 725X X X X Extracts X X X X X X X X Extracts X X X X ..... nguished by virtue of Resolution Plan - HELD THAT:- Taking note of the fact that the NCLT has approved the resolution plan in the insolvency proceedings in regard to the company, the appeal does not survive any more. The appeal is disposed of accordingly as dismissed. - HON BLE Mr. ANIL CHOUDHARY, MEMBER (JUDICIAL) And HON BLE Mr. A.K. JYOTISHI, MEMBER (TECHNICAL) Shri P. Sai Makrand, A ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... efore NCLT as required under section 30(6) of the IBC. It was approved by NCLT vide order dated 17.10.2019 and the Resolution Plan is effective from this date which the NCLT Approved. 2. The Resolution Plan provided that all debts of the company would be fully and finally settled upon due compliance with the payment schedules stipulated therein. As per clause 7.4 of Chapter IV of the Resolution ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... erlying in the above appeal stands settled under Resolution Plan and nothing survives. She prayed that appeal may be heard out of turn to record the approval of Resolution Plan by NCLT and the appeal may be disposed accordingly. 3. The Learned AR Shri A. Rangadham and Shri M A Surya appeared and argued for the respondent. 4. The Learned Counsel has furnished a copy of the order of NCLT, Hyde ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... yees, members, creditors, including the Central government; any State Government or any Local authority to whom a debt in respect of the payment of dues arising under any law for the time being in force, such as authorities to whom statutory dues are owed, guarantors and other stakeholders involved in the resolution plan including Resolution Applicant in terms of provisions of Section 31(1) of the ..... X X X X Extracts X X X X X X X X Extracts X X X X
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