Unregistered profit-sharing agreements cannot justify occupation of corporate debtor premises during CIRP; repossession by the Resolution Professional...
An interlocutory direction requiring the Committee of Creditors to reconsider approval of the appellant's appointment as Resolution Professional under the insolvency code was treated as precautionary and facilitative, not as a final adjudication of rights. Because the Committee of Creditors had yet to independently examine the effect of earlier orders on its approval, the appellant's entitlement had not attained finality. No interference was warranted at that stage, and the matter was left to reconsideration on its own merits.
An interlocutory direction requiring the Committee of Creditors to reconsider approval of the appellant's appointment as Resolution Professional under the insolvency code was treated as precautionary and facilitative, not as a final adjudication of rights. Because the Committee of Creditors had yet to independently examine the effect of earlier orders on its approval, the appellant's entitlement had not attained finality. No interference was warranted at that stage, and the matter was left to reconsideration on its own merits.
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