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NATIONAL COMPANY LAW TRIBUNAL
Shri K. Biswal, Shri Ravichandran Ramasamy, JJ
Board of Control for Cricket in India – Appellant
Versus
Think & Learn Private Limited – Respondent
| Table of Content |
|---|
| 1. applications filed in ongoing insolvency process. (Para 1 , 2) |
| 2. claims and classification issues of creditors. (Para 3 , 4) |
| 3. authority limits of interim resolution professional. (Para 5 , 12 , 18) |
| 4. legal standards of duty and integrity for irp. (Para 6 , 15) |
| 5. final decisions on creditor classifications. (Para 16 , 17 , 22) |
| 6. court’s final orders and modifications upheld. (Para 27) |
ORDER
FACTS:
Since both the present Applications have been preferred in the main Company Petition bearing C.P (IB) No. 149/2023 and identical issues have been raised in these Applications, both the Applications have been disposed by common order.
IN IA 660/2024:
1. The Present IA 660/2024 in Company Petition (IB) No. 149/2023, has been filed by Aditya Birla Finance Limited (herein after as ‘Applicant No. 1’) on 10/09/2024 under section 60 (5) of the Insolvency and Bankruptcy Code, 2016 r/w Rules 11 and 32 of the National Company Law Rules, 2016 inter- alia praying this Hon’ble Tribunal to:
a) set aside the decision made by the Respondent in respect of the Applicant’s classification as an Operational Creditor;
b) direct Respondent to exclude the Applicant from Annexure S List of Operation
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