https://www.taxtmi.com/caselaws?id=291746 The Tribunal set aside the impugned order due to violations of the Rules of Natural Justice and failure to follow the procedure under Section 424 of the Companies Act, 2013. The Appellants were not given a chance to be heard, and there was no evidence of a prima facie opinion against them. Additionally, the Tribunal found no lack of cooperation by the management of the Corporate Debtor, as all records were available with the Resolution Professional. The completion of the Corporate Insolvency Resolution Process and approval of the Resolution Plan were noted, emphasizing the importance of procedural compliance in insolvency cases. en-us Fri, 18 Oct 2019 00:00:00 +0530 Tue, 24 Nov 2020 09:38:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=291746 The Tribunal set aside the impugned order due to violations of the Rules of Natural Justice and failure to follow the procedure under Section 424 of the Companies Act, 2013. The Appellants were not given a chance to be heard, and there was no evidence of a prima facie opinion against them. Additionally, the Tribunal found no lack of cooperation by the management of the Corporate Debtor, as all records were available with the Resolution Professional. The completion of the Corporate Insolvency Resolution Process and approval of the Resolution Plan were noted, emphasizing the importance of procedural compliance in insolvency cases. Case-Laws Insolvency and Bankruptcy Fri, 18 Oct 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=291746