NCLT may in exercise of its inherent powers under Rule 11 of the NCLT Rules, 2016 can pass an order to restore and revive an application by way of an Interlocutory Application filed by the Respondent/Financial Creditor/Applicant – Sree Bhadra Parks and Resorts Ltd. Vs. Sri Ramani Resorts and Hotels Pvt. Ltd. – NCLAT Chennai

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If any Public depositor applies showing due of the debt claiming itself as operational creditor and the Resolution Professional or the Tribunal do not accept the claim on the ground that they are not financial creditor, we allow the appellant to raise the question before the Tribunal and if any adverse decision is given by the Tribunal, it will be open to the appellant to raise the issue before NCLAT- Hind Motors India Ltd. Vs. Adjudicating Authority NCLT, Chandigarh – NCLAT New Delhi

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