https://www.taxtmi.com/caselaws?id=421214 The tribunal declined to impose penalties on respondents No. 1 to 3 due to insufficient evidence of malicious intent in initiating insolvency proceedings. It warned them against further harassment of the Resolution Professional. Issues related to the suspended directors would be handled separately. The tribunal found no substantial evidence of collusion between the respondents and the suspended directors and accepted the erstwhile Interim Resolution Professional's response, noting no allegations against him. en-us Thu, 24 Mar 2022 00:00:00 +0530 Wed, 20 Apr 2022 08:30:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=421214 The tribunal declined to impose penalties on respondents No. 1 to 3 due to insufficient evidence of malicious intent in initiating insolvency proceedings. It warned them against further harassment of the Resolution Professional. Issues related to the suspended directors would be handled separately. The tribunal found no substantial evidence of collusion between the respondents and the suspended directors and accepted the erstwhile Interim Resolution Professional's response, noting no allegations against him. Case-Laws Insolvency and Bankruptcy Thu, 24 Mar 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=421214