https://www.taxtmi.com/caselaws?id=304410 The Tribunal held that the Resolution Professional (RP) lacked standing to file the application under Section 66(2) of the Insolvency and Bankruptcy Code post-approval of the Resolution Plan, as the RP's role ends upon plan approval. The application was deemed not maintainable, citing the RP as functus officio. Allegations of fraudulent transactions and liability of the Respondents were not addressed, and the application was dismissed solely on grounds of maintainability, without costs awarded. en-us Fri, 01 Jul 2022 00:00:00 +0530 Sat, 24 Sep 2022 08:17:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=304410 The Tribunal held that the Resolution Professional (RP) lacked standing to file the application under Section 66(2) of the Insolvency and Bankruptcy Code post-approval of the Resolution Plan, as the RP's role ends upon plan approval. The application was deemed not maintainable, citing the RP as functus officio. Allegations of fraudulent transactions and liability of the Respondents were not addressed, and the application was dismissed solely on grounds of maintainability, without costs awarded. Case-Laws Insolvency and Bankruptcy Fri, 01 Jul 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=304410