This case involves two appeals (Comp. App. (AT) (Ins.) No. 556 of 2025 filed by Canara Bank and Comp. App. (AT) (Ins.) No. 588 of 2025 filed by Authum Investment & Infrastructure Ltd.) against a common order dated 04.03.2025 passed by the National Company Law Tribunal (NCLT), Mumbai Bench – I. The NCLT order partly allowed I.A. No. 595/2025. Canara Bank’s appeal challenges the NCLT’s refusal to exercise jurisdiction under Section 65 of the Insolvency & Bankruptcy Code, 2016 (IBC) to set aside the Corporate Insolvency Resolution Process (CIRP) admission order. Authum Investment & Infrastructure Ltd.’s appeal challenges the NCLT’s direction to the Resolution Professional (RP) to conduct a Forensic Audit at the cost of Canara Bank. The underlying CIRP was

This case involves two appeals (Comp. App. (AT) (Ins.) No. 556 of 2025 filed by Canara Bank and Comp. App. (AT) (Ins.) No. 588 of 2025 filed by Authum Investment & Infrastructure Ltd.) against a common order dated 04.03.2025 passed by the National Company Law Tribunal (NCLT), Mumbai Bench – I. The NCLT order partly allowed I.A. No. 595/2025. Canara Bank’s appeal challenges the NCLT’s refusal to exercise jurisdiction under Section 65 of the Insolvency & Bankruptcy Code, 2016 (IBC) to set aside the Corporate Insolvency Resolution Process (CIRP) admission order. Authum Investment & Infrastructure Ltd.’s appeal challenges the NCLT’s direction to the Resolution Professional (RP) to conduct a Forensic Audit at the cost of Canara Bank. The underlying CIRP was