https://www.taxtmi.com/caselaws?id=351236 The Tribunal found the application filed by the Corporate Debtor to re-call orders of admission and appointment of the Interim Resolution Professional not maintainable, citing lack of locus standi. The Tribunal dismissed the application, deeming it frivolous and mala fide due to false information furnished. Allegations of fraudulent concealment by the Financial Creditor were rejected, emphasizing complete disclosure during the initial petition filing. The Tribunal highlighted the importance of proper documentation for charge creation and ruled against the Corporate Debtor, emphasizing that only the Insolvency Resolution Professional could address fraud indications. en-us Wed, 04 Oct 2017 00:00:00 +0530 Wed, 03 Jan 2018 12:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=351236 The Tribunal found the application filed by the Corporate Debtor to re-call orders of admission and appointment of the Interim Resolution Professional not maintainable, citing lack of locus standi. The Tribunal dismissed the application, deeming it frivolous and mala fide due to false information furnished. Allegations of fraudulent concealment by the Financial Creditor were rejected, emphasizing complete disclosure during the initial petition filing. The Tribunal highlighted the importance of proper documentation for charge creation and ruled against the Corporate Debtor, emphasizing that only the Insolvency Resolution Professional could address fraud indications. Case-Laws Insolvency and Bankruptcy Wed, 04 Oct 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=351236