https://www.taxtmi.com/caselaws?id=394609 The Supreme Court allowed intervention and impleadment to ensure all relevant parties were heard in insolvency proceedings under Section 7 of the IBC. The Court emphasized the need to address collusion allegations before the Adjudicating Authority as per Section 65 of the IBC, highlighting penalties for fraudulent initiation of proceedings. The judgment set aside the NCLAT's order, maintaining interim protection and directing parties to seek remedies before the Adjudicating Authority, stressing the importance of addressing collusion allegations in insolvency cases. en-us Tue, 18 Feb 2020 00:00:00 +0530 Fri, 08 May 2026 10:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=394609 The Supreme Court allowed intervention and impleadment to ensure all relevant parties were heard in insolvency proceedings under Section 7 of the IBC. The Court emphasized the need to address collusion allegations before the Adjudicating Authority as per Section 65 of the IBC, highlighting penalties for fraudulent initiation of proceedings. The judgment set aside the NCLAT's order, maintaining interim protection and directing parties to seek remedies before the Adjudicating Authority, stressing the importance of addressing collusion allegations in insolvency cases. Case-Laws IBC Tue, 18 Feb 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=394609