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2019 (7) TMI 1688 - AT - Insolvency and BankruptcyApplication for change of status of applicant, New Okhla Industrial Development Authority - HELD THAT:- Learned Senior Counsel appearing on behalf of the Appellant submitted that the “New Okhla Industrial Development Authority” (NOIDA) has already been considered as a ‘Financial Creditor’ and the ‘Resolution Professional’ has already submitted the report. Now it is not open to any of the Authority to change the status of NOIDA from the ‘Financial Creditor’ to any other type of ‘Creditors’. However, the ‘Interim Resolution Professional’ is already directed to examine the claim of the NOIDA, who is the Applicant before the Adjudicating Authority and no final decision has been taken and the Adjudicating Authority has made it clear that the claim of the NOIDA cannot be rejected on the ground that it is time barred or the claim is by an entity other than the ‘financial Creditor’. No opinion expressed - appeal disposed off.
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