https://www.taxtmi.com/caselaws?id=782690 The NCLAT allowed the appeal and set aside the NCLT's order rejecting the creditor's Section 7 IBC application on the ground of lack of authority of its representative. It held that, after the matter had been reserved for orders, the NCLT could not entertain an oral objection on the representative's competence and ignore the subsequently filed board resolution placed on record through an IA under Section 60(5) IBC. Such procedure deprived the creditor of a fair opportunity and amounted to non-consideration of relevant material. The matter was remitted to NCLT, Hyderabad Bench, for fresh adjudication on all issues, including authority, on merits. en-us Mon, 15 Sep 2025 00:00:00 +0530 Wed, 03 Dec 2025 08:57:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=782690 The NCLAT allowed the appeal and set aside the NCLT's order rejecting the creditor's Section 7 IBC application on the ground of lack of authority of its representative. It held that, after the matter had been reserved for orders, the NCLT could not entertain an oral objection on the representative's competence and ignore the subsequently filed board resolution placed on record through an IA under Section 60(5) IBC. Such procedure deprived the creditor of a fair opportunity and amounted to non-consideration of relevant material. The matter was remitted to NCLT, Hyderabad Bench, for fresh adjudication on all issues, including authority, on merits. Case-Laws IBC Mon, 15 Sep 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=782690