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2023 (3) TMI 21 - AT - Insolvency and BankruptcySeeking direction to refer the matter to conciliation - Petition admitted u/s 7 of IBC - initiation of CIRP - Corporate Debtor failed to make repayment of its dues - Financial creditors - existence of debt and dispute or not - HELD THAT:- The reasons assigned by the Adjudicating Authority is fully agreed upon, whereby objection raised by the Respondent (before the Tribunal) / Appellant so far authorized representative of the Financial Creditor is concerned, the Adjudicating Authority rightly found that on 18.10.2019 a board resolution was passed by Invesco Trustee Pvt. Ltd., whereby, Ms. Nupur Tainwala, Assistant Vice President-Legal of Invesco Asset Management (India) Pvt. Ltd. is authorised to file any case/suit etc. before any court of law, tribunal, quasi-judicial process etc. which contained the detail power/authorization provided to Ms. Nupur Tainwala by one Ms. Deepti Dave being authorized signatory of Invesco Trustee Pvt. Ltd. There are no merit in the Appeal to interfere with the order impugned passed by the Adjudicating Authority - impugned order affirmed - appeal dismissed.
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