Case of Manish Jaju Erstwhile Resolution Professional of Rajesh Landmark Projects Private Limited vs Committee of Creditors of Rajesh Landmark Projects Private Limited, NCLAT Delhi Judgement Dated 18thSeptember 2025. The appellant tribunal held that Insolvency and Bankruptcy Board of India (IBBI) is not empowered to issue a general circular referring power conferred under section 34(4)(b) recommending that IP other than IRP/RP may be appointed as liquidator.