2020 (2) TMI 1465

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....lvency) No. 491 To 495of 2020 - -<br>Insolvency & Bankruptcy<br>Bansi Lal Bhat, Anant Bijay Singh And Dr. Ashok Kumar Mishra, JJ. Appellant: Mr. Adarsha Tripathi and Mr. Anish Gupta, Advocates. Respondents: Mr. Mohit Kishore, Advocate ORDER Bansi Lal Bhat, J. The Appellants in this batch of five appeals are the 'Operational Creditors' aggrieved of the impugned order dated 10th February, 2020 ....

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....to admit the claim of Appellants- 'Operational Creditors' cannot be permitted in view of the fact that the 'Resolution Professional' is not an Adjudicating Authority who is empowered to admit or reject a claim, his job being confined to collecting and collating of claims and incorporating the same in the Information Memorandum. It is significant to note that unlike a Liquidator empowered as an Adj....

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....n Resolution Plan is being considered and when Resolution Professional moves an application under Section 31 before the Adjudicating Authority for approval of the Resolution Plan. It is at that stage that the Adjudicating Authority has to examine whether the interest of all stakeholders has been taken care of. The Judgment of this Appellate Tribunal relied upon by the Appellants has no application....