https://www.taxtmi.com/caselaws?id=415243 The appeals challenging the initiation of Corporate Insolvency Resolution Process (CIRP) against the Corporate Debtor were dismissed by the tribunal. The tribunal upheld the order of the adjudicating authority, ruling against misjoinder of cause of actions, debt not being payable in fact, debt not being barred by limitation, inapplicability of Section 10A of IBC, sustainability of filing Section 7 application despite opposition and pending restructuring proposal, and the locus standi of Kotak Mahindra Bank to file the appeal. The appeals were found lacking in merit, and no costs were awarded. en-us Mon, 29 Nov 2021 00:00:00 +0530 Tue, 30 Nov 2021 11:32:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=415243 The appeals challenging the initiation of Corporate Insolvency Resolution Process (CIRP) against the Corporate Debtor were dismissed by the tribunal. The tribunal upheld the order of the adjudicating authority, ruling against misjoinder of cause of actions, debt not being payable in fact, debt not being barred by limitation, inapplicability of Section 10A of IBC, sustainability of filing Section 7 application despite opposition and pending restructuring proposal, and the locus standi of Kotak Mahindra Bank to file the appeal. The appeals were found lacking in merit, and no costs were awarded. Case-Laws Insolvency and Bankruptcy Mon, 29 Nov 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=415243