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2017 (9) TMI 1879 - NATIONAL COMPANY LAW APPELLATE TRIBUNAL, NEW DELHIStatus of a Secured Creditor in the committee of Creditor - effect on Corporate Debtor - it was submitted that the Insolvency Resolution Professional has opposed the continuity of 'Exim Bank' as one of the creditor - HELD THAT:- While we are of the view that appeal at the instance of 'Corporate Debtor' is not maintainable, but make it clear that the Resolution Professional has right to oppose induction of a third party as a creditor. However, in view of the fact that the Exim Bank has been provisionally permitted to continue as a member of the Committee of Creditors and final order is yet to be passed by the Adjudicating Authority, Allahabad Bench and time has been granted to the contesting party to file rejoinder, we are not expressing any view at this stage. It is expected that the Adjudicating Authority will decide the question of continuity of 'Exim Bank' as a member of the Committee of Creditors either way and will not continue with interim arrangement for days together. An early decision be taken on production of copy of this order. Appeal disposed off.
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