https://www.taxtmi.com/caselaws?id=349758 An application under section 7 of the Insolvency and Bankruptcy Code must be filed by a properly authorised representative; a mere power of attorney holder without specific authority to initiate insolvency proceedings is not competent to act. The Code is a complete regime for insolvency filings, so the general Power of Attorney Act cannot override its filing requirements, though a duly empowered officer or representative may file on the creditor's behalf. The defect in authorisation was also capable of being cured within the seven-day rectification period counted from receipt of notice, including Tribunal holidays, and the limitation objection failed. The insolvency application was therefore admitted. en-us Wed, 20 Sep 2017 00:00:00 +0530 Mon, 01 Jun 2026 12:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=349758 An application under section 7 of the Insolvency and Bankruptcy Code must be filed by a properly authorised representative; a mere power of attorney holder without specific authority to initiate insolvency proceedings is not competent to act. The Code is a complete regime for insolvency filings, so the general Power of Attorney Act cannot override its filing requirements, though a duly empowered officer or representative may file on the creditor's behalf. The defect in authorisation was also capable of being cured within the seven-day rectification period counted from receipt of notice, including Tribunal holidays, and the limitation objection failed. The insolvency application was therefore admitted. Case-Laws IBC Wed, 20 Sep 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=349758