Insolvency Resolution: Bhushan Employees' Standing in Question Due to Lack of Authorization and Unsustainable Allegations.

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Full Text of the Document

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....Insolvency Resolution Process - there are serious doubt with regard to the locus standi of Bhushan Employees as the application has been filed only by Mr. Rahul Sengupta who has been the Executive Director of the Corporate Debtor since 2005. The application has not been filed by the Bhushan Employees authorizing anybody. The allegation even otherwise on facts is not sustainable. - Tri....