Whether there is any locus standi of a Promotor/Suspended Director to intervene in an application filed by the Resolution Professional for seeking possession of the property from the respondent who has entered into a lease agreement with the Corporate Debtor? – G. Ramakrishna Reddy Vs. Dantu Indu Sekhar RP for Nexus Feeds Ltd. and Anr. – NCLT Hyderabad Bench
Hon’ble NCLT Hyderabad Bench held that applicant who is suspended director of the corporate debtor has no locus standi to intervene in an application filed by the resolution professional for seeking possession of the property from the respondent who is a third party and has no connection with the applicant.
