https://www.taxtmi.com/caselaws?id=299118 The Tribunal rejected the Applicant's Resolution Plan due to non-compliance with eligibility criteria and disqualification under the Companies Act, 2013. The Applicant's claim of MSME status post-initiation of the CIRP was deemed fraudulent, aimed at gaining undue advantage. Allegations of fraudulent representation to access the Corporate Debtor's assets were dismissed, emphasizing the lack of legal grounds for interference. The Tribunal upheld the rejection of the Resolution Plan, citing the Applicant's failure to meet prescribed criteria and engage in unjustifiable actions during the CIRP process. en-us Fri, 18 Jun 2021 00:00:00 +0530 Fri, 03 Dec 2021 18:40:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=299118 The Tribunal rejected the Applicant's Resolution Plan due to non-compliance with eligibility criteria and disqualification under the Companies Act, 2013. The Applicant's claim of MSME status post-initiation of the CIRP was deemed fraudulent, aimed at gaining undue advantage. Allegations of fraudulent representation to access the Corporate Debtor's assets were dismissed, emphasizing the lack of legal grounds for interference. The Tribunal upheld the rejection of the Resolution Plan, citing the Applicant's failure to meet prescribed criteria and engage in unjustifiable actions during the CIRP process. Case-Laws Companies Law Fri, 18 Jun 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=299118