Adverse Remarks Against IRP not binding Without Opportunity to Respond: NCLAT

Pulkit Gupta Vs Keshav Khaneja (NCLAT Delhi) Summary: The National Company Law Appellate Tribunal (NCLAT) Delhi dealt with two appeals filed by the Appellant, Pulkit Gupta, challenging parts of an order dated 13.06.2025 passed by the Adjudicating Authority in CP (IB) No. 195/AHM/2025 and CP (IB) No. 199/AHM/2025. The Adjudicating Authority had admitted Section 7 applications filed by the Financial Creditor but declined to appoint the Appellant as the Interim Resolution Professional (IRP). The Appellant was aggrieved not by the admission of the insolvency petitions but by certain adverse observ...