https://www.taxtmi.com/caselaws?id=428649 The Tribunal held that the application under Section 66 of the IBC was not time-barred, considering various factors including the impact of the Covid pandemic and non-cooperation by the Appellants. The Tribunal also found the Appellants engaged in fraudulent and under-valued transactions, leading to directions for recovery of amounts jointly and severally. A related appeal concerning the rejection of the Resolution Plan was upheld, affirming the liquidation order for the Corporate Debtor. Both appeals were dismissed, and costs were not awarded. en-us Fri, 30 Sep 2022 00:00:00 +0530 Thu, 06 Oct 2022 19:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=428649 The Tribunal held that the application under Section 66 of the IBC was not time-barred, considering various factors including the impact of the Covid pandemic and non-cooperation by the Appellants. The Tribunal also found the Appellants engaged in fraudulent and under-valued transactions, leading to directions for recovery of amounts jointly and severally. A related appeal concerning the rejection of the Resolution Plan was upheld, affirming the liquidation order for the Corporate Debtor. Both appeals were dismissed, and costs were not awarded. Case-Laws Insolvency and Bankruptcy Fri, 30 Sep 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=428649