https://www.taxtmi.com/caselaws?id=383080 The Tribunal directed further examination by the Adjudicating Authority regarding the liability of expenses for the insolvency resolution process, emphasizing the need to lift the corporate veil. It noted the absence of evidence supporting the decision to file the application under Section 10 of the Insolvency & Bankruptcy Code and raised concerns about financial irregularities. The Tribunal allowed the Adjudicating Authority to investigate potential fraudulent or malicious intentions behind the application, suggesting possible SFIO reference if needed. The appeal was disposed of without interference, leaving the matter for the Adjudicating Authority to address in accordance with the law. en-us Tue, 14 May 2019 00:00:00 +0530 Wed, 17 Jul 2019 08:32:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=383080 The Tribunal directed further examination by the Adjudicating Authority regarding the liability of expenses for the insolvency resolution process, emphasizing the need to lift the corporate veil. It noted the absence of evidence supporting the decision to file the application under Section 10 of the Insolvency & Bankruptcy Code and raised concerns about financial irregularities. The Tribunal allowed the Adjudicating Authority to investigate potential fraudulent or malicious intentions behind the application, suggesting possible SFIO reference if needed. The appeal was disposed of without interference, leaving the matter for the Adjudicating Authority to address in accordance with the law. Case-Laws Insolvency and Bankruptcy Tue, 14 May 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=383080