https://www.taxtmi.com/caselaws?id=407443 The Tribunal dismissed the application seeking orders on former Directors for alleged preferential, undervalued, and fraudulent transactions under the Insolvency and Bankruptcy Code, 2016. The application was deemed time-barred, lacking specific transaction dates, and filed after resolution plan approval. The Tribunal emphasized the RP's limited role post-approval, highlighting the need for adherence to statutory timelines and regulatory requirements. The judgment stressed the importance of proper compliance with the Code provisions and regulations, ultimately leading to the dismissal of the application due to lack of merit and procedural shortcomings. en-us Mon, 03 May 2021 00:00:00 +0530 Tue, 11 May 2021 13:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=407443 The Tribunal dismissed the application seeking orders on former Directors for alleged preferential, undervalued, and fraudulent transactions under the Insolvency and Bankruptcy Code, 2016. The application was deemed time-barred, lacking specific transaction dates, and filed after resolution plan approval. The Tribunal emphasized the RP's limited role post-approval, highlighting the need for adherence to statutory timelines and regulatory requirements. The judgment stressed the importance of proper compliance with the Code provisions and regulations, ultimately leading to the dismissal of the application due to lack of merit and procedural shortcomings. Case-Laws Insolvency and Bankruptcy Mon, 03 May 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=407443