https://www.taxtmi.com/caselaws?id=397931 The Adjudicating Authority dismissed the Interlocutory Applications filed by the Appellant, citing lack of jurisdiction as the properties in question belonged to a subsidiary of the Corporate Debtor. The Authority ruled that the Applicants did not have the standing to challenge the transactions under investigation and emphasized that third parties cannot challenge fraudulent transactions under the Insolvency and Bankruptcy Code. The Authority advised the Applicants to pursue appropriate legal actions through civil or criminal proceedings outside its purview. Additionally, the Authority clarified that investigations into transactions involving a separate entity were not relevant to the ongoing liquidation proceedings of the Corporate Debtor. en-us Tue, 04 Aug 2020 00:00:00 +0530 Wed, 02 Sep 2020 10:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=397931 The Adjudicating Authority dismissed the Interlocutory Applications filed by the Appellant, citing lack of jurisdiction as the properties in question belonged to a subsidiary of the Corporate Debtor. The Authority ruled that the Applicants did not have the standing to challenge the transactions under investigation and emphasized that third parties cannot challenge fraudulent transactions under the Insolvency and Bankruptcy Code. The Authority advised the Applicants to pursue appropriate legal actions through civil or criminal proceedings outside its purview. Additionally, the Authority clarified that investigations into transactions involving a separate entity were not relevant to the ongoing liquidation proceedings of the Corporate Debtor. Case-Laws Insolvency and Bankruptcy Tue, 04 Aug 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=397931