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2017 (12) TMI 651 - AT - Companies LawCorporate insolvency procedure - whether application under Section 7 of the I&B Code has been filed by the Power of Attorney holder which according him is not permissible - Held that:- As noticed, in the present case the application under Section 7 has been filed by the Deputy General Manager of the Bank, in the authorisation order it is mentioned as Power of Attorney, but that will not change the complex of the instrument which is an order of authorisation. In view of such position of law the submission made by the counsel for the appellant can not be accepted. The appellant then referred to the impugned order and submitted that the Adjudicating Authority has treated the 1st respondent as ‘secured creditor’ and has made certain observations. However, as it has no relevancy with admission of the application, we are not expressing any opinion. We find no merit in this appeal.
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