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TMI Blog2017 (8) TMI 1529X X X X Extracts X X X X X X X X Extracts X X X X ..... ay allow the Interim Insolvency Resolution Professional to function as Insolvency Resolution Professional. In view stand taken by Interim Resolution Professional, the appellant is allowed to take part in the meeting of creditors and to deliberate in accordance with law. We have not decided the issue as to whether the Financial Creditor - State Bank of India, if taken over the possession of t ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... dated 7th July, 2017, which reads as follows: Mr. T. Saikrishnan, Applicant IRP present. Counsel for the Financial Creditor i.e. State Bank of India present. Counsel for 2 and 3 promoters present. The Application is disposed of in terms of the submissions that had been made by the Counsel for financial Creditor that they are ready to cooperate with the IRP in accordance with law. The assuranc ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... , IRP will take into consideration the stand of the appellant State Bank of India, who claims to be 'Financial Creditor'. We may only observe except in a decision with regard to the creditors, 'prima facie' it appears that the Interim Resolution Professional has not been empowered to decide as to who is creditor or not? The appellant will also provide all evidences to the IRP in su ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... o function as Insolvency Resolution Professional. In view stand taken by Interim Resolution Professional, the appellant is allowed to take part in the meeting of creditors and to deliberate in accordance with law. We further make it clear that we have not decided the issue as to whether the Financial Creditor - State Bank of India, if taken over the possession of the land of the Corporate De ..... X X X X Extracts X X X X X X X X Extracts X X X X
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