Corporate Debtor Can Intervene in CIRP Admission; Other Parties May Appeal Adverse Orders Under IBC Sections 7 or 9.

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....Initiation of CIRP - Except the Corporate Debtor, no other party has right to intervene at the stage of admission of a petition u/s 7 or 9. However, an aggrieved party may prefer an appeal if the order of admission affects the person - if the RP wants to take possession of the Hotel the Appellant may bring facts regarding its claim to the notice who will decide it in the light of explanation to Section 18(f) of the I&B Code....