https://www.taxtmi.com/caselaws?id=421589 The petition under Section 7 of the Insolvency and Bankruptcy Code was dismissed by the tribunal due to lack of proper authorization and fraudulent transactions that did not meet the criteria of a financial debt. The petitioner's inconsistent claims regarding the nature of the transactions played a significant role in the dismissal of the petition. The tribunal emphasized the importance of maintaining consistency in legal proceedings and highlighted that unauthorized filings by power of attorney holders are not permissible post-insolvency proceedings. en-us Tue, 19 Apr 2022 00:00:00 +0530 Thu, 28 Apr 2022 08:12:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=421589 The petition under Section 7 of the Insolvency and Bankruptcy Code was dismissed by the tribunal due to lack of proper authorization and fraudulent transactions that did not meet the criteria of a financial debt. The petitioner's inconsistent claims regarding the nature of the transactions played a significant role in the dismissal of the petition. The tribunal emphasized the importance of maintaining consistency in legal proceedings and highlighted that unauthorized filings by power of attorney holders are not permissible post-insolvency proceedings. Case-Laws Insolvency and Bankruptcy Tue, 19 Apr 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=421589