https://www.taxtmi.com/caselaws?id=392889 The NCLT dismissed the petitioner's claim and granted liberty to appeal. The petitioner contested the dismissal, citing issues with the Resolution Plan and lack of communication. Disputes arose over alleged criminal acts by the Corporate Debtor, leading to settlement issues. The rejection of the petitioner's claim by the IRP resulted in miscellaneous applications before the NCLT, which were dismissed. NCLT invoked inherent powers but emphasized the availability of appellate remedies under the IBC. The Court dismissed the revision petition, highlighting the need for adherence to statutory provisions and the availability of alternative legal recourse through the appeal process. en-us Tue, 11 Feb 2020 00:00:00 +0530 Fri, 12 Nov 2021 18:13:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=392889 The NCLT dismissed the petitioner's claim and granted liberty to appeal. The petitioner contested the dismissal, citing issues with the Resolution Plan and lack of communication. Disputes arose over alleged criminal acts by the Corporate Debtor, leading to settlement issues. The rejection of the petitioner's claim by the IRP resulted in miscellaneous applications before the NCLT, which were dismissed. NCLT invoked inherent powers but emphasized the availability of appellate remedies under the IBC. The Court dismissed the revision petition, highlighting the need for adherence to statutory provisions and the availability of alternative legal recourse through the appeal process. Case-Laws Insolvency and Bankruptcy Tue, 11 Feb 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=392889