https://www.taxtmi.com/caselaws?id=409614 The appeal against the liquidation order and rejection of the resolution plan was dismissed by the tribunal. The appellant's claims of MSME status and eligibility were refuted due to Section 29A of the IBC, citing fraudulent transactions and failure to fulfill obligations. The tribunal highlighted the lack of CoC approval for the resolution plan within the specified timeframe, leading to the liquidation order. The tribunal also disregarded the appellant's MSME certificate obtained without consent and emphasized the pending application's significance. The appeal was disposed of without overturning the liquidation order, awaiting a formal decision on the pending application and dismissing allegations against the Resolution Professional. en-us Fri, 09 Jul 2021 00:00:00 +0530 Tue, 13 Jul 2021 10:36:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=409614 The appeal against the liquidation order and rejection of the resolution plan was dismissed by the tribunal. The appellant's claims of MSME status and eligibility were refuted due to Section 29A of the IBC, citing fraudulent transactions and failure to fulfill obligations. The tribunal highlighted the lack of CoC approval for the resolution plan within the specified timeframe, leading to the liquidation order. The tribunal also disregarded the appellant's MSME certificate obtained without consent and emphasized the pending application's significance. The appeal was disposed of without overturning the liquidation order, awaiting a formal decision on the pending application and dismissing allegations against the Resolution Professional. Case-Laws Insolvency and Bankruptcy Fri, 09 Jul 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=409614