https://www.taxtmi.com/caselaws?id=426876 The appeal against the order imposing a cost of Rs.9 Lakhs on the Appellant for misconceived litigation under Section 61 of the Insolvency and Bankruptcy Code, 2016 was partly allowed. The Tribunal acknowledged concerns of frivolous litigation but reduced the cost to Rs.2 Lakhs in the interest of justice. The Appellant's conduct in challenging eligibility criteria after participating in the bidding process was criticized, leading to the imposition of the reduced cost to be paid within one week. en-us Fri, 26 Aug 2022 00:00:00 +0530 Sat, 27 Aug 2022 08:17:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=426876 The appeal against the order imposing a cost of Rs.9 Lakhs on the Appellant for misconceived litigation under Section 61 of the Insolvency and Bankruptcy Code, 2016 was partly allowed. The Tribunal acknowledged concerns of frivolous litigation but reduced the cost to Rs.2 Lakhs in the interest of justice. The Appellant's conduct in challenging eligibility criteria after participating in the bidding process was criticized, leading to the imposition of the reduced cost to be paid within one week. Case-Laws Insolvency and Bankruptcy Fri, 26 Aug 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=426876