https://www.taxtmi.com/caselaws?id=771730 NCLAT dismissed appeal challenging appointment of Resolution Professional under Section 97 of I&B Code. Court held that RP appointment by Adjudicating Authority on Financial Creditor's recommendation without IBBI nomination was not violative of Section 97. Personal Guarantors lacked cause of action to challenge appointment at this preliminary stage under Section 61, as it involved fact-gathering for Section 95 application examination, not adjudicatory determination of rights. Appeal dismissed without prejudice to raising appointment challenges during Section 100 admission consideration stage. en-us Wed, 30 Apr 2025 00:00:00 +0530 Fri, 30 May 2025 08:55:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=771730 NCLAT dismissed appeal challenging appointment of Resolution Professional under Section 97 of I&B Code. Court held that RP appointment by Adjudicating Authority on Financial Creditor's recommendation without IBBI nomination was not violative of Section 97. Personal Guarantors lacked cause of action to challenge appointment at this preliminary stage under Section 61, as it involved fact-gathering for Section 95 application examination, not adjudicatory determination of rights. Appeal dismissed without prejudice to raising appointment challenges during Section 100 admission consideration stage. Case-Laws IBC Wed, 30 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=771730