https://www.taxtmi.com/caselaws?id=404395 The Tribunal dismissed the application seeking to set aside an Ex-parte order under Section 60(5) of the Insolvency & Bankruptcy Code, 2016. Despite the Corporate Debtor's lack of participation and delayed filing of the application, the Tribunal found insufficient evidence to justify setting aside the order. Emphasizing the importance of timely participation in legal proceedings, the Tribunal concluded that granting relief would not serve any purpose as there was no strong case on merits. The application was dismissed without costs, highlighting concerns over frivolous litigations delaying matters under the Code. en-us Mon, 08 Feb 2021 00:00:00 +0530 Tue, 23 Feb 2021 09:16:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=404395 The Tribunal dismissed the application seeking to set aside an Ex-parte order under Section 60(5) of the Insolvency & Bankruptcy Code, 2016. Despite the Corporate Debtor's lack of participation and delayed filing of the application, the Tribunal found insufficient evidence to justify setting aside the order. Emphasizing the importance of timely participation in legal proceedings, the Tribunal concluded that granting relief would not serve any purpose as there was no strong case on merits. The application was dismissed without costs, highlighting concerns over frivolous litigations delaying matters under the Code. Case-Laws Insolvency and Bankruptcy Mon, 08 Feb 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=404395