https://www.taxtmi.com/caselaws?id=397550 Adverse observations in an insolvency admission order were challenged for expunction, but the governing principle is that such remarks are justified only when the affected person had an opportunity to respond, there is material on record, and the comments are necessary to the decision. The challenged remarks on the bank's conduct and matters arising before other authorities were considered avoidable, yet they were expressly linked to allegations in the reply and subject to the outcome of investigation. The tribunal stated that those observations would not prejudice the investigation or the insolvency resolution process, and that disputed valuation averments could not be decided in those proceedings. Expunction was therefore not granted. en-us Tue, 25 Feb 2020 00:00:00 +0530 Sat, 22 Aug 2020 09:46:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=397550 Adverse observations in an insolvency admission order were challenged for expunction, but the governing principle is that such remarks are justified only when the affected person had an opportunity to respond, there is material on record, and the comments are necessary to the decision. The challenged remarks on the bank's conduct and matters arising before other authorities were considered avoidable, yet they were expressly linked to allegations in the reply and subject to the outcome of investigation. The tribunal stated that those observations would not prejudice the investigation or the insolvency resolution process, and that disputed valuation averments could not be decided in those proceedings. Expunction was therefore not granted. Case-Laws Insolvency and Bankruptcy Tue, 25 Feb 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=397550