https://www.taxtmi.com/caselaws?id=424031 The Tribunal dismissed the application filed by the Applicant against the Resolution Applicant seeking various reliefs under the IBC. The Tribunal found that the Corporate Debtor being an MSME entity was exempt from certain provisions, the personal guarantee clause in the resolution plan did not absolve liabilities, and the Applicant lacked standing to file under Section 66. Additionally, the transactions cited did not meet the criteria for fraudulent or undervalued transactions, leading to the dismissal of the application. en-us Fri, 17 Jun 2022 00:00:00 +0530 Mon, 20 Jun 2022 22:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=424031 The Tribunal dismissed the application filed by the Applicant against the Resolution Applicant seeking various reliefs under the IBC. The Tribunal found that the Corporate Debtor being an MSME entity was exempt from certain provisions, the personal guarantee clause in the resolution plan did not absolve liabilities, and the Applicant lacked standing to file under Section 66. Additionally, the transactions cited did not meet the criteria for fraudulent or undervalued transactions, leading to the dismissal of the application. Case-Laws Insolvency and Bankruptcy Fri, 17 Jun 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=424031