Application for revised resolution plan rejected post 330 days in CIRP

Shrinathji Trading Company Vs Sanwaria Consumer Limited (NCLAT Delhi) Held that the Adjudicating Authority has not erred in passing the Impugned Order rejecting the revised resolution plan due to lapse of stipulated time period of more than 330 days in CIRP. Facts-  CIRP was initiated against M/s. Sanwaria Consumer Limited (Corporate Debtor) on 29.5.2020. Shrinathji Trading Company (Appellant) submitted its resolution plan for the Corporate Debtor on 22.1.2021. After multiple revisions, the Committee of Creditors (CoC) informed the Appellant on 23.04.2021 that its resolution plan has not been...