https://www.taxtmi.com/caselaws?id=388194 The High Court granted the petitioner liberty to approach NCLT for suspected collusion in the fraudulent initiation of CIRP. The Tribunal rejected the recall of the order dated 10.05.2018, citing lack of authority under the IB Code. The applicant's request for costs on the operational creditor was dismissed due to insufficient evidence. The Tribunal found no merit in the application, rejecting the recall of the order and liquidation of the Corporate Debtor. en-us Tue, 23 Jul 2019 00:00:00 +0530 Mon, 11 Nov 2019 09:30:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=388194 The High Court granted the petitioner liberty to approach NCLT for suspected collusion in the fraudulent initiation of CIRP. The Tribunal rejected the recall of the order dated 10.05.2018, citing lack of authority under the IB Code. The applicant's request for costs on the operational creditor was dismissed due to insufficient evidence. The Tribunal found no merit in the application, rejecting the recall of the order and liquidation of the Corporate Debtor. Case-Laws Insolvency and Bankruptcy Tue, 23 Jul 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=388194