No Prohibition for appearance in representing different Company, in separate proceedings u/s 7 IBC: NCLAT

Anand Varma Vs Piyush Periwal & Ors. (NCLAT Delhi) Conclusion: In present facts of the case, the NCLAT allowed the appeal by expunging all adverse observations made against the Appellant in the impugned Order by observing that appearance for an entity  being a separate company which has initiated separate proceeding under Section 7 against different Corporate Debtor and appearance of the Appellant in that proceeding in no manner can be said to be in breach of any Rules of Etiquette or can lead to any conflict of interest in the CIRP of the Corporate Debtor. Facts: In present facts of the ...