Personal insolvency challenge became infructuous after corporate debtor liquidation was affirmed, leaving no merits adjudication under the IBC.

Challenges to the admission of personal insolvency proceedings under Section 95 of the Insolvency and Bankruptcy Code, 2016 were rendered infructuous after liquidation of the corporate debtor had already been ordered and affirmed. The appellate tribunal held that the appeals had lost their cause and dismissed them as infructuous, while closing all pending interlocutory applications. No adjudication was undertaken on the merits of the Section 95 admission orders.

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Issues: Whether the challenge to the orders admitting personal insolvency proceedings under Section 95 of the Insolvency and Bankruptcy Code, 2016 survived after liquidation of the corporate debtor had already been ordered and affirmed.

Outcome: The appeals were held to have lost their cause and were dismissed as infructuous, with all pending interlocutory applications closed. No adjudication on the merits of admission under Section 95 was undertaken.

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