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Persons Authorised to file Applications under Bankruptcy Code in NCLT
Case Law Details
- Case Name
- Palogix Infrastructure Private Limited Vs. ICICI Bank Limited (NCLAT Delhi)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Courts
- NCLT
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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 ac...
