Authorised representative rules clarify who may act for companies and LLPs in insolvency-related proceedings. For the purposes of section 515(3)(a)(ix), an authorised representative for a company or a limited liability partnership includes any person appointed by the Adjudicating Authority to discharge the duties and functions of an interim resolution professional, resolution professional, or liquidator under the Insolvency and Bankruptcy Code, 2016 and the rules and regulations made thereunder. The rule recognises such appointed persons as competent representatives within the relevant insolvency framework.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Authorised representative rules clarify who may act for companies and LLPs in insolvency-related proceedings.
For the purposes of section 515(3)(a)(ix), an authorised representative for a company or a limited liability partnership includes any person appointed by the Adjudicating Authority to discharge the duties and functions of an interim resolution professional, resolution professional, or liquidator under the Insolvency and Bankruptcy Code, 2016 and the rules and regulations made thereunder. The rule recognises such appointed persons as competent representatives within the relevant insolvency framework.
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