https://www.taxtmi.com/caselaws?id=387211 The Appellate Tribunal set aside the impugned order admitting the application under Section 10 of the Insolvency and Bankruptcy Code, 2016, as it was filed without requisite approval and appeared to have been done with malicious intent. The Tribunal dismissed the petition under Section 10, directed the closure of proceedings, and declared all related actions as illegal. The Corporate Debtor was directed to pay the assessed fees and costs of Rs. Eight Lakhs within three weeks. The appeals were allowed, the Corporate Debtor was released from constraints, and could operate independently through its Board of Directors. en-us Mon, 30 Sep 2019 00:00:00 +0530 Sat, 19 Oct 2019 08:25:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=387211 The Appellate Tribunal set aside the impugned order admitting the application under Section 10 of the Insolvency and Bankruptcy Code, 2016, as it was filed without requisite approval and appeared to have been done with malicious intent. The Tribunal dismissed the petition under Section 10, directed the closure of proceedings, and declared all related actions as illegal. The Corporate Debtor was directed to pay the assessed fees and costs of Rs. Eight Lakhs within three weeks. The appeals were allowed, the Corporate Debtor was released from constraints, and could operate independently through its Board of Directors. Case-Laws Insolvency and Bankruptcy Mon, 30 Sep 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=387211