2018 (10) TMI 1916 - Tri - Insolvency and Bankruptcy

Seeking permission that new RP to review the decision of the earlier RP - HELD THAT - We do not feel persuaded to permit the new RP to review the decision of the earlier RP because a detailed well-reasoned order has been passed if such a course is permitted then every time new RP would come, he would start changing the decisions of his colleagues. Therefore, we do not permit review of that decision. The application disposed of by directing the RP to comply with the order passed by RP on 20.08.2018 at the earliest but not later than two weeks.

Summary

The National Company Law Tribunal, New Delhi Principal Bench refused to permit a new Resolution Professional (RP) to review a decision made by the earlier RP. The RP was directed to comply with the earlier decision by a specified deadline of two weeks. The application was disposed of accordingly.