https://www.taxtmi.com/highlights?id=54462 The stand as taken by the parties, suggest that the application under Section 10 of the I&B Code was filed by the ‘Corporate Applicant’ fraudulently with malicious intent and not for ‘Resolution’ or ‘Liquidation’ and may attract Section 65 of the I&B Code for penal action. However, as no such order has been passed by the Adjudicating Authority (NCLT), we are not passing any penal order u/s 65 - AT en-us Tue, 25 Aug 2020 13:47:13 +0530 Tue, 25 Aug 2020 13:47:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=54462 The stand as taken by the parties, suggest that the application under Section 10 of the I&B Code was filed by the ‘Corporate Applicant’ fraudulently with malicious intent and not for ‘Resolution’ or ‘Liquidation’ and may attract Section 65 of the I&B Code for penal action. However, as no such order has been passed by the Adjudicating Authority (NCLT), we are not passing any penal order u/s 65 - AT Highlights Insolvency and Bankruptcy Tue, 25 Aug 2020 13:47:13 +0530 https://www.taxtmi.com/highlights?id=54462