Persons Authorised to file Applications under Bankruptcy Code in NCLT

Persons Authorised to file Applications under Insolvency & Bankruptcy Code [IBC] in National Company Law Tribunal [NCLT] The National Company Law Appellate Tribunal [NCLAT] Judgment dated Sept. 20, 2017 wherein it has been held that a Power of Attorney [POA] Holder is not authorised to file proceedings under IBC and only an ‘Authorised Representative’ by the Board of Directors can file the same. Background: ICICI Bank had initiated CIRP against M/s Palogix, the Corporate Debtor for default in honouring its debt obligations. NCLT vide order dated May 16, 2017 accepted the applic...