https://www.taxtmi.com/caselaws?id=411851 The Supreme Court dismissed the Operational Creditor's appeal, confirming the claim's non-maintainability. The Adjudicating Authority dismissed the application under Section 12A, as it was not filed by the original applicant. The application was rejected due to procedural non-compliance regarding the filing of Form FA. Despite the rejection, the IRP's role in filing the withdrawal application was deemed compliant by the Appellate Tribunal. The Appellate Tribunal set aside the CIRP order against the Corporate Debtor, allowing it to operate through its Board of Directors and remitted the matter for determining CIRP costs. en-us Thu, 02 Sep 2021 00:00:00 +0530 Fri, 03 Sep 2021 20:26:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=411851 The Supreme Court dismissed the Operational Creditor's appeal, confirming the claim's non-maintainability. The Adjudicating Authority dismissed the application under Section 12A, as it was not filed by the original applicant. The application was rejected due to procedural non-compliance regarding the filing of Form FA. Despite the rejection, the IRP's role in filing the withdrawal application was deemed compliant by the Appellate Tribunal. The Appellate Tribunal set aside the CIRP order against the Corporate Debtor, allowing it to operate through its Board of Directors and remitted the matter for determining CIRP costs. Case-Laws Insolvency and Bankruptcy Thu, 02 Sep 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=411851