https://www.taxtmi.com/caselaws?id=387109 The Tribunal dismissed the appeal challenging the initiation of Corporate Insolvency Resolution Process due to lack of objections raised by the Corporate Debtor regarding the genuineness of the Assignment Agreement. The Tribunal emphasized that without specific objections under Section 65 of the Insolvency and Bankruptcy Code alleging fraud, the genuineness of the Agreement could not be examined. Subsequently, the Adjudicating Authority rejected allegations of fraudulent intent in the insolvency resolution process, stating that the validity of the Agreement could not be determined. The appeal was withdrawn with a condition not to raise the matter in the future, leading to its disposal. en-us Fri, 03 May 2019 00:00:00 +0530 Thu, 17 Oct 2019 10:38:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=387109 The Tribunal dismissed the appeal challenging the initiation of Corporate Insolvency Resolution Process due to lack of objections raised by the Corporate Debtor regarding the genuineness of the Assignment Agreement. The Tribunal emphasized that without specific objections under Section 65 of the Insolvency and Bankruptcy Code alleging fraud, the genuineness of the Agreement could not be examined. Subsequently, the Adjudicating Authority rejected allegations of fraudulent intent in the insolvency resolution process, stating that the validity of the Agreement could not be determined. The appeal was withdrawn with a condition not to raise the matter in the future, leading to its disposal. Case-Laws Insolvency and Bankruptcy Fri, 03 May 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=387109