https://www.taxtmi.com/caselaws?id=757640 NCLAT Principal Bench dismissed an application seeking clarification of judgment dated 30.05.2023 regarding Resolution Professional's locus standi. The court held that RP has valid locus to file applications under Section 95 proceedings, rejecting appellant's contention otherwise. Appellant failed to implead RP when challenging RP's appointment order dated 10.04.2023, and cannot benefit from this procedural error. Court noted appellant's objections were attempts to prolong Section 95 proceedings. NCLAT directed Adjudicating Authority to proceed with Section 95 proceedings per established law, confirming RP's right to submit reports and participate in proceedings as mandated by Supreme Court precedents. en-us Thu, 29 Aug 2024 00:00:00 +0530 Thu, 29 Aug 2024 22:24:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=757640 NCLAT Principal Bench dismissed an application seeking clarification of judgment dated 30.05.2023 regarding Resolution Professional's locus standi. The court held that RP has valid locus to file applications under Section 95 proceedings, rejecting appellant's contention otherwise. Appellant failed to implead RP when challenging RP's appointment order dated 10.04.2023, and cannot benefit from this procedural error. Court noted appellant's objections were attempts to prolong Section 95 proceedings. NCLAT directed Adjudicating Authority to proceed with Section 95 proceedings per established law, confirming RP's right to submit reports and participate in proceedings as mandated by Supreme Court precedents. Case-Laws Insolvency and Bankruptcy Thu, 29 Aug 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=757640