https://www.taxtmi.com/caselaws?id=397602 The Appellate Tribunal directed the Adjudicating Authority to re-evaluate the admission of the CIRP application against the Corporate Debtor only after disposing of the application under Section 65 of the I&B Code. The proceedings under Section 7 of the I&B Code were stayed until further orders. The judgment emphasized adherence to the legal principles established in "Dr. Vishnu Kumar Agarwal" and the necessity to address allegations of fraudulent initiation of CIRP proceedings. The appeal was disposed of with no order as to costs, and a temporary stay of the judgment was granted to enable the Respondent to seek remedy before the Hon'ble Apex Court. en-us Fri, 29 May 2020 00:00:00 +0530 Sun, 23 Aug 2020 01:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=397602 The Appellate Tribunal directed the Adjudicating Authority to re-evaluate the admission of the CIRP application against the Corporate Debtor only after disposing of the application under Section 65 of the I&B Code. The proceedings under Section 7 of the I&B Code were stayed until further orders. The judgment emphasized adherence to the legal principles established in "Dr. Vishnu Kumar Agarwal" and the necessity to address allegations of fraudulent initiation of CIRP proceedings. The appeal was disposed of with no order as to costs, and a temporary stay of the judgment was granted to enable the Respondent to seek remedy before the Hon'ble Apex Court. Case-Laws Insolvency and Bankruptcy Fri, 29 May 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=397602