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No Hearing Mandated for RP Appointment under IBC: NCLT
Case Law Details
- Case Name
- In re Siri Kishan Aggarwal (NCLT Delhi)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Courts
- NCLT
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In re Siri Kishan Aggarwal (NCLT Delhi)
In a recent ruling by the National Company Law Tribunal (NCLT) Delhi in the case of Siri Kishan Aggarwal, an interesting aspect regarding the appointment of a Resolution Professional (RP) under Section 97(5) of the Insolvency and Bankruptcy Code (IBC) has been highlighted. The case sheds light on whether a hearing is mandated by the Adjudicating Authority during the appointment process.
The petitioner, Mr. Siri Kishan Aggarwal, filed a petition under Section 94(1) of the IBC seeking the initiation of the Insolvency Resolution Process (IR Process) against...
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