Adjudicating Authority can permit the Resolution Applicant to pursue the application filed under Sections 43, 45, 46, 66 & 67 of the IBC – Kashyap Mehta Vs. Kabra Estate and Investment Consultants – NCLAT New Delhi
Hon’ble NCLAT holds that the issue raised by the Appellant is fully covered by the Judgment in Kapil Wadhawan v. Piramal Capital & Housing Finance Ltd. & Ors. (2023) ibclaw.in 320 NCLAT. After noticing the Scheme of the regulation it has been held that Adjudicating Authority can permit the Resolution Applicant to pursue the Application filed under Sections 43, 45, 46, 66 & 67. No error can be found in the Order impugned passed by the Adjudicating Authority. The Appeal is dismissed.