M/s. Dynepro Private Limited and M/s. IU International Holdings PTE Limited filed appeals against Mr. V. Nagarajan, the Resolution Professional for M/s. Cethar Limited. The appeals involved allegations made by the parties and allegations relating to violations. The Appellate Tribunal did not decide on the allegations directly but allowed the Appellants to bring the allegations to the notice of the Hon'ble Chairperson of the Insolvency and Bankruptcy Board of India (IBBI) to decide whether a prima facie case is made out against Mr. V. Nagarajan, ‘Resolution Professional' or not. The Appellate Tribunal has not decided the allegation which the Board is required to decide after notice to the 'Resolution Professional'.

M/s. Dynepro Private Limited and M/s. IU International Holdings PTE Limited filed appeals against Mr. V. Nagarajan, the Resolution Professional for M/s. Cethar Limited. The appeals involved allegations made by the parties and allegations relating to violations. The Appellate Tribunal did not decide on the allegations directly but allowed the Appellants to bring the allegations to the notice of the Hon'ble Chairperson of the Insolvency and Bankruptcy Board of India (IBBI) to decide whether a prima facie case is made out against Mr. V. Nagarajan, ‘Resolution Professional' or not. The Appellate Tribunal has not decided the allegation which the Board is required to decide after notice to the 'Resolution Professional'.