https://www.taxtmi.com/caselaws?id=283840 The Appellate Tribunal dismissed the appeal challenging the recall of the order of admission dated 13.06.2018, as the Corporate Debtor did not dispute the debt and default. It clarified that the genuineness of the Assignment Agreement dated 17th April, 2015 could not be questioned without the Corporate Debtor's objection under Section 65 of the Code. The appeal was dismissed, emphasizing the unrelated nature of NPA provisions to the Insolvency & Bankruptcy Code. The misuse of insolvency proceedings led to the application's dismissal with a cost of Rs. 25,000 to be deposited in the Prime Minister Relief Fund within four weeks. en-us Tue, 15 Jan 2019 00:00:00 +0530 Thu, 17 Oct 2019 09:53:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=283840 The Appellate Tribunal dismissed the appeal challenging the recall of the order of admission dated 13.06.2018, as the Corporate Debtor did not dispute the debt and default. It clarified that the genuineness of the Assignment Agreement dated 17th April, 2015 could not be questioned without the Corporate Debtor's objection under Section 65 of the Code. The appeal was dismissed, emphasizing the unrelated nature of NPA provisions to the Insolvency & Bankruptcy Code. The misuse of insolvency proceedings led to the application's dismissal with a cost of Rs. 25,000 to be deposited in the Prime Minister Relief Fund within four weeks. Case-Laws Insolvency and Bankruptcy Tue, 15 Jan 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=283840