Whether POA Holder Can File Application Under IBC, 2016

Factual Background: Appellant:the application under Section 9 in Form-5 of the Insolvency and Bankruptcy (Application to Adjudicating Authority) Rules, 2016 (hereinafter referred to as ‘Adjudicating Authority Rules’) has not been signed by the ‘Operational Creditor’, but by the “Power of Attorney holder. The question whether a ‘Power of Attorney holder’ can file an application for initiation of ‘Corporate Insolvency Resolution Process’ fell for consideration before this Appellate Tribunal in “Palogix Infrastructure Limited Vs. ICICI Bank Limited”-Company Appeal (AT) (Inso...