https://www.taxtmi.com/caselaws?id=401844 The Appellate Tribunal held that the Adjudicating Authority erred in abdicating its powers by referring matters to external agencies instead of directly investigating preferential transactions and fraudulent trading under the I&B Code. The Tribunal emphasized the need for the Authority to independently address each case without linking them and directed prompt inquiry into the alleged dealings in compliance with statutory provisions and legal precedents, aiming to expedite the investigation process. The impugned order was modified accordingly to ensure adherence to the law. en-us Wed, 16 Dec 2020 00:00:00 +0530 Fri, 18 Dec 2020 16:33:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=401844 The Appellate Tribunal held that the Adjudicating Authority erred in abdicating its powers by referring matters to external agencies instead of directly investigating preferential transactions and fraudulent trading under the I&B Code. The Tribunal emphasized the need for the Authority to independently address each case without linking them and directed prompt inquiry into the alleged dealings in compliance with statutory provisions and legal precedents, aiming to expedite the investigation process. The impugned order was modified accordingly to ensure adherence to the law. Case-Laws Insolvency and Bankruptcy Wed, 16 Dec 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=401844