Power Of Attorney Having Authorisation Of Financial Creditor Can File Application U/s 7 IBC : Supreme Court

The Supreme Court observed that the power of attorney holder of a financial creditor who has been given authorisation can file an application under Section 7 of Insolvency and Bankruptcy Code on behalf of it.In this case, one Praveen Kumar Gupta was given general authorisation by the Bank (financial creditor) with respect to all the business and affairs of the Bank, including commencement...