Mr. T. Vinayak ravi Reddy, a shareholder and Director of the Corporate Debtor Deccan Chronicle Holdings Ltd, filed an application for substitution in Company Appeal (AT) (Ins) No. 110 of 2017. He sought to be substituted as the Appellant in place of the Corporate Debtor. The application was prompted by the Supreme Court's decision in Innoventive Industries Vs. ICICI Bank Ltd. The Corporate Debtor was to be transposed as the 2nd Respondent through the Interim Resolution Professional. The NCLAT heard the counsels for both the Appellant and the Respondent.

Mr. T. Vinayak ravi Reddy, a shareholder and Director of the Corporate Debtor Deccan Chronicle Holdings Ltd, filed an application for substitution in Company Appeal (AT) (Ins) No. 110 of 2017. He sought to be substituted as the Appellant in place of the Corporate Debtor. The application was prompted by the Supreme Court's decision in Innoventive Industries Vs. ICICI Bank Ltd. The Corporate Debtor was to be transposed as the 2nd Respondent through the Interim Resolution Professional. The NCLAT heard the counsels for both the Appellant and the Respondent.