The Resolution Professional filed an application (MA/516/2019) in a corporate insolvency resolution process (CP/1307/IB/2018) seeking the appointment of Mr. Machar Rao Meenavalli as an Authorized Representative for the class of creditors who are trade depositors. These trade depositors had deposited money with the Corporate Debtor. The Resolution Professional sought this appointment because the reliefs sought are permissible under Section 21(6A)(b) of the Insolvency & Bankruptcy Code, 2016. The key fact is that the application was related to the representation of trade depositors in the insolvency proceedings.

The Resolution Professional filed an application (MA/516/2019) in a corporate insolvency resolution process (CP/1307/IB/2018) seeking the appointment of Mr. Machar Rao Meenavalli as an Authorized Representative for the class of creditors who are trade depositors. These trade depositors had deposited money with the Corporate Debtor. The Resolution Professional sought this appointment because the reliefs sought are permissible under Section 21(6A)(b) of the Insolvency & Bankruptcy Code, 2016. The key fact is that the application was related to the representation of trade depositors in the insolvency proceedings.