Hearing not mandated by Adjudicating Authority during Appointment of RP u/s 97(5) of IBC: NCLT [Read Notification]

The Tribunal appointed an RP in an application filed under Section 94(1) of the Insolvency and Bankruptcy Code, 2016
Adjudicating Authority - NCLT - NCLT Delhi - Resolution Professional - IBC - taxscan

The Delhi bench of the National Company Law Tribunal has held that a hearing is not mandated by the adjudicating authority during the appointment of a Resolution Professional ( RP ) under section 97(5) of the Insolvency and Bankruptcy Code, 2016. The Tribunal appointed an RP in an application filed under Section 94(1) of the…

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