TMI Blog2021 (3) TMI 1451X X X X Extracts X X X X X X X X Extracts X X X X ..... e fact that the COC did not consider the Resolution Plan of higher value submitted by Dr. Rajendar Singh viz. Rs. 32 Crores and approved the Resolution Plan of Successful Resolution Applicant having value of Rs. 30.10 Crores - HELD THAT:- Since the Appellant himself was not in the fray and as a member of the suspended Board of Directors was ineligible to submit a Resolution Plan, he could not be p ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... (Actg. Chairperson) and Dr. Ashok Kumar Mishra, Member (T) For the Appellant : Vivek Virmani, Advocate For the Respondents t: P.B.A. Srinivasan, Parth Tandon, Avinash Mohopatra, Sumesh Dhawan, Vatsala Kak, Geetika Sharma, Advocates and Party-in-Person ORDER (Through Virtual Mode) 1. This appeal preferred by Dr. Krishan Mohan Mendiratta claiming to be the member of the Suspended Board of Directors ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... o appreciate the fact that the COC did not consider the Resolution Plan of higher value submitted by Dr. Rajendar Singh viz. Rs. 32 Crores and approved the Resolution Plan of Successful Resolution Applicant having value of Rs. 30.10 Crores. 3. Mr. Vivek Virmani, Advocate claiming to be appearing as proxy counsel for Appellant on behalf of Mr. Sumit Virmani, Advocate who is stated to be suffering f ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Resolution Applicant thereby trying to meddle with the affairs of the Corporate Insolvency Resolution Process (CIRP) when the law forbids it to participate in such process. That apart, the Resolution Plan of the Successful Resolution Applicant has already been approved by the COC and is pending approval before the Adjudicating Authority. The Appellant having no locus and being ineligible to partic ..... X X X X Extracts X X X X X X X X Extracts X X X X
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