2011 (1) TMI 1563

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....gh] Member (Judicial) And [Shreesha Merla] Member (Technical) For the Appellant : Mr. Mritunjay Tiwary, Advocate. For the Respondent : None ORDER (Through Virtual Mode) Upon proof of service of notice on Respondent, its appearance was awaited on the last date of hearing. Even today, nobody has turned up to defend the appeal on behalf of Respondent. In the given circumstances, we proceed to he....

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....f Corporate Insolvency Resolution Process (CIRP) by Operational Creditor under Section 9 of the 'I&B Code'. Format in which the demand notice is to be issued by the Operational Creditor in terms of the 'Insolvency and Bankruptcy (Application to Adjudicating Authority) Rules, 2016' is prescribed in Form-3. The delivery of notice is to be effected in the prescribed form which must emanate from the O....

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....ivered could not be held to be bad in law unless it was shown that the lawyer was not duly instructed. It appears from para 10 of the impugned order that the Adjudicating Authority was aware of this legal proposition but in the opinion of the Adjudicating Authority there was no due authorization backed by Board Resolution of the Operational Creditor. This finding is unsustainable as in case of a p....

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....dent that the learned Adjudicating Authority had taken the correct view which is reflected in the aforesaid order. Judicial consistency would demand that the same view, which was based on the judgment of the Hon'ble Apex Court, should have been taken in the latter case as well. Once an Advocate was duly instructed to issue the demand notice, there was no room for holding that the notice delivered ....