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2018 (7) TMI 1961 - AT - Companies LawInitiation of Corporate Insolvency Resolution Process - Section 7 of I&B Code - eligibility criteria regrading requirement of minimum tangible net worth for one or other category of Resolution Applicants - HELD THAT:- The question of eligibility criteria regrading requirement of minimum tangible net worth for one or other category of Resolution Applicants and other criteria are matter which can be dealt with by expert committee like Committee of Creditors, we hold that the Adjudicating Authority has no jurisdiction to sit in appeal over the decision of expert bodies relating to eligibility criteria till it is not shown that the same is perverse or against any of the provisions of I&B Code or existing law. The impugned order set aside and the Resolution Professional and the Committee of Creditors is directed to complete the process immediately.
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