The present appeal was filed by M/s. Baba Jagta Shuttering Store, an operational creditor, challenging an order dated June 12, 2019, issued by the Adjudicating Authority (National Company Law Tribunal), Kolkata Bench, Kolkata. The Adjudicating Authority had allowed an application filed under Section 31 of the Insolvency and Bankruptcy Code, 2016 (I&B Code) by the Resolution Professional. This application resulted in the approval of a Resolution Plan submitted by the first respondent, PND Infrastructure Private Limited. The operational creditor raised objections concerning the eligibility of the Resolution Applicant under Section 29A of the I&B Code, alleging that a director of the Resolution Applicant was also a director of the Corporate Debtor, thereby making

The present appeal was filed by M/s. Baba Jagta Shuttering Store, an operational creditor, challenging an order dated June 12, 2019, issued by the Adjudicating Authority (National Company Law Tribunal), Kolkata Bench, Kolkata. The Adjudicating Authority had allowed an application filed under Section 31 of the Insolvency and Bankruptcy Code, 2016 (I&B Code) by the Resolution Professional. This application resulted in the approval of a Resolution Plan submitted by the first respondent, PND Infrastructure Private Limited. The operational creditor raised objections concerning the eligibility of the Resolution Applicant under Section 29A of the I&B Code, alleging that a director of the Resolution Applicant was also a director of the Corporate Debtor, thereby making