https://www.taxtmi.com/caselaws?id=412450 The Tribunal ruled that the first respondent must pay their share of the CIRP costs related to the corporate debtor. As the first respondent adamantly refused to pay, they were barred from participating in CoC meetings, and the CoC was instructed to proceed without them. Despite this exclusion, the first respondent's claim remained valid. The decision aimed to uphold the IBC, 2016 and safeguard the insolvency resolution process's integrity. en-us Thu, 12 Aug 2021 00:00:00 +0530 Thu, 25 Nov 2021 17:59:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=412450 The Tribunal ruled that the first respondent must pay their share of the CIRP costs related to the corporate debtor. As the first respondent adamantly refused to pay, they were barred from participating in CoC meetings, and the CoC was instructed to proceed without them. Despite this exclusion, the first respondent's claim remained valid. The decision aimed to uphold the IBC, 2016 and safeguard the insolvency resolution process's integrity. Case-Laws Insolvency and Bankruptcy Thu, 12 Aug 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=412450