https://www.taxtmi.com/caselaws?id=398675 The National Company Law Tribunal, Cuttack Bench, addressed allegations of collusion between the Financial Creditor, Corporate Debtor, and Resolution Professional. The lack of proof of a loan between the parties raised doubts, with the Adjudicating Authority finding insufficient evidence. Concerns regarding conflict of interest in legal representation were also highlighted. The Tribunal directed the Resolution Professional to submit relevant documents and scheduled a further hearing to ensure a fair resolution process. en-us Thu, 20 Feb 2020 00:00:00 +0530 Tue, 22 Sep 2020 09:36:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=398675 The National Company Law Tribunal, Cuttack Bench, addressed allegations of collusion between the Financial Creditor, Corporate Debtor, and Resolution Professional. The lack of proof of a loan between the parties raised doubts, with the Adjudicating Authority finding insufficient evidence. Concerns regarding conflict of interest in legal representation were also highlighted. The Tribunal directed the Resolution Professional to submit relevant documents and scheduled a further hearing to ensure a fair resolution process. Case-Laws Insolvency and Bankruptcy Thu, 20 Feb 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=398675