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TMI Blog2018 (10) TMI 197X X X X Extracts X X X X X X X X Extracts X X X X ..... te For The Resolution Professional : Partha Kamal Sen For The Respondent : Anupam Das Adhikary, Advocate, Krishnendu Paul Choudhury, Advocate For The Financial Creditors : Ms. Rajashi Dutta, Ramji Munshi, Pankaj Agarwal, and Ms. Paramita Maity ORDER In CP No.762/KB/2017, this application under section 60(5) of the Insolvency & Bankruptcy Code, (in short, I&B Code) 2016 is filed by one Mr. Pan ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... th the question where all powers of attorney holders of the Financial Creditor can be allowed to take part as one of the members in CoC. 4. Mr. Noor Alam, one of the debenture holders has filed this CIRP under section 7 of the I&B Code, 1956 against the Corporate Debtor. It is admitted by this Authority vide order dated 03.07.2018. One Mr. P.K. Sen is appointed as IRP. He made public announcement ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... professional shall make an application to the Adjudicating Authority along with the list of all financial creditors, containing the name of an insolvency professional, other than the interim resolution professional, to act as their authorised representative who shall be appointed by the Adjudicating Authority prior to the first meeting of the committee of creditors; (c) is represented by a guar ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... s of creditors to appoint their representative to attend the CoC meetings. IRP has to allow the applicant to act as representative of the creditors. However, it is further made clear that while raising claim of each of the debenture holder, IRP/RP has to keep in his mind the provisions of section 57 of the Companies Act, 2013. 7. With the above observations, this application in IA(IB) No.724/KB/2 ..... X X X X Extracts X X X X X X X X Extracts X X X X
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