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2017 (6) TMI 1166 - Tri - Insolvency and BankruptcyCorporate Insolvency Resolution Process - the financial creditor has not named any proposed insolvency resolution professional - Held that:- On reading of the above 2 sub-sections, it is apparent that while there is a provision for the Adjudicating Authority to make a reference to the Board for a recommendation of an Insolvency professional, in the case of an operational creditor, there is no such provision in the case of a financial creditor. The instant application has been filed under section 7 of IBC as a financial creditor. The applicant financial creditor has not proposed the name of any insolvency professional and thus, has not fulfilled the requirement as in sub-section 3(b) of section 7 of the Code. Hence, we are unable to admit the application for insolvency as the same is not complete.
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