Creditors who triggered CIRP can be impleaded as parties

Chinna Rao Vs V. Venkatasivakumar (NCLAT Chennai) Held that only creditors who triggered the corporate insolvency resolution process can be impleaded as parties. An `Appellant / Plaintiff’ in a given legal proceeding is the `dominus litis’. Facts- Corporate Debtor was admitted into Corporate Insolvency Resolution Process (CIRP) by the NCLT, Chennai Bench (NCLT) on an application made by IDBI Bank Ltd. Liquidation was ordered and Mr. V Venkata Sivakumar was appointed as the Liquidator. On facing difficulties in discharging the duties as a liquidator, an application was moved before ...