https://www.taxtmi.com/caselaws?id=392255 The tribunal set aside the NCLT's order admitting the application under Section 7 of the I&B Code, dismissing it as barred by limitation and filed for purposes other than insolvency resolution. The Corporate Debtor was released from the process, and actions by the Resolution Professional and Creditors were deemed illegal. The tribunal directed the return of records and assets to the Debtor's Promoters/Directors, remitting the matter to decide costs to be borne by Dena Bank. The appeal was allowed with no costs. en-us Wed, 18 Dec 2019 00:00:00 +0530 Sat, 15 Feb 2020 17:28:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=392255 The tribunal set aside the NCLT's order admitting the application under Section 7 of the I&B Code, dismissing it as barred by limitation and filed for purposes other than insolvency resolution. The Corporate Debtor was released from the process, and actions by the Resolution Professional and Creditors were deemed illegal. The tribunal directed the return of records and assets to the Debtor's Promoters/Directors, remitting the matter to decide costs to be borne by Dena Bank. The appeal was allowed with no costs. Case-Laws Insolvency and Bankruptcy Wed, 18 Dec 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=392255