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2021 (4) TMI 891 - NATIONAL COMPANY LAW TRIBUNAL , CHENNAI BENCHSeeking removal of name of the Operational Creditor from the Stakeholders Consultation Committee constituted under Regulation 31A of the IBBI (Liquidation Process) Regulations, 2016 - permission to modify entries in the list of stakeholders as filed before this Tribunal and reconstitute the Stakeholders' Consultation Committee pursuant to the withdrawal of the claim by M/s. Regenix Drugs Limited - HELD THAT:- Regulation 31(3) of the Liquidation Process Regulations, 2016 permits the Adjudicating Authority to allow revised list of stakeholders submitted by the Liquidator. Since one of the Operational Creditor viz. M/s. Regenix Drugs Limited has withdrawn its claim from the Liquidator, there arises a necessity for the Liquidator to modify the list of Stakeholders. In the circumstances, application deserves to be allowed. Thus, the Liquidator as per Regulation 31(3) of the IBBI (Liquidation Process) Regulations, 2016, is permitted to revise the list of stakeholders of the Corporate Debtor. The Liquidator is directed to file the modified list of stakeholders before this Tribunal within a period of 7 days from the date of this order - application allowed.
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