https://www.taxtmi.com/caselaws?id=352380 The Tribunal found the application maintainable under Section 60(5)(c) of the IBC, 2016, allowing for examination of alleged fraudulent transactions and diversion of funds. Specific directions were given for the resolution process, including recovery of amounts due and securing evidence. The Tribunal addressed reliefs sought by the Applicant, emphasizing the role of the IRP/RP in these matters. The application was disposed of with instructions for further actions by the IRP/RP, highlighting the seriousness of the allegations and the need for thorough investigation. en-us Mon, 06 Nov 2017 00:00:00 +0530 Wed, 03 Jan 2018 11:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=352380 The Tribunal found the application maintainable under Section 60(5)(c) of the IBC, 2016, allowing for examination of alleged fraudulent transactions and diversion of funds. Specific directions were given for the resolution process, including recovery of amounts due and securing evidence. The Tribunal addressed reliefs sought by the Applicant, emphasizing the role of the IRP/RP in these matters. The application was disposed of with instructions for further actions by the IRP/RP, highlighting the seriousness of the allegations and the need for thorough investigation. Case-Laws Insolvency and Bankruptcy Mon, 06 Nov 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=352380