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Resolution professionals can't challenge tribunal order, says Supreme Court

The Supreme Court has ruled that resolution professionals (RPs) do not have the authority to file appeals against bankruptcy court decisions since they are considered "neutral" individuals appointed to assist the tribunals. Only parties directly affected, such as the Committee of Creditors (CoC), can file appeals. Legal experts believe this decision will help speed up insolvency resolutions. The courts ruling came in response to an appeal filed by the RP of Regen Powertech, who challen...
Justice Sanjiv Khanna Bishwajit Dubey Regen Powertech Offering College Senior Management Programme Kellogg Marketing Leadership Development Program

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