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2020 (10) TMI 115 - Tri - Insolvency and BankruptcyMaintainability of application - initiation of CIRP - Corporate Debtor failed to make repayment of its debt - debt due and payable or not - legally enforceable debt in between the Financial Creditor and the Corporate Debtor or not - HELD THAT:- It is very clearly stated in the Power of Attorney that the Power of Attorney Holder therein can ''.appear before any judicial or quasi-judicial body including any Court of Law, Forum, Tribunal, Arbitrator and Banking Ombudsman, represent the Bank and act as Presenting Officers before Debt Recovery Tribunals/Debt Recovery Appellate Tribunals/Company Law Board and other such judicial/quasi-judicial bodies/offices, institutes suit or appeals..” Therefore, this IBA has seen filed by the Assistant Vice President of the Financial Creditor who is the Power of Attorney Holder of the Financial Creditor. This Tribunal is of the opinion that no specific authorization is required to file the instant IB case - Dated the 24th day of September, 2020.
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