https://www.taxtmi.com/caselaws?id=374086 The appeal, involving an application under Section 7 of the Insolvency and Bankruptcy Code, was dismissed as the party failed to establish fraudulent or malicious intent in initiating insolvency proceedings. The Adjudicating Authority rejected collusiveness allegations due to insufficient evidence and emphasized the need for proof under Section 65 of the I&B Code. Despite detailed agreements and defaults in repayment, the lack of evidence supporting fraudulent intent led to the dismissal of the appeal without costs. en-us Fri, 30 Nov 2018 00:00:00 +0530 Fri, 25 Jan 2019 09:13:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=374086 The appeal, involving an application under Section 7 of the Insolvency and Bankruptcy Code, was dismissed as the party failed to establish fraudulent or malicious intent in initiating insolvency proceedings. The Adjudicating Authority rejected collusiveness allegations due to insufficient evidence and emphasized the need for proof under Section 65 of the I&B Code. Despite detailed agreements and defaults in repayment, the lack of evidence supporting fraudulent intent led to the dismissal of the appeal without costs. Case-Laws Insolvency and Bankruptcy Fri, 30 Nov 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=374086