https://www.taxtmi.com/caselaws?id=430144 The National Company Law Appellate Tribunal addressed the Appeal challenging the Adjudicating Authority's Order under Sections 65 and 76 of the Insolvency and Bankruptcy Code, 2016, along with the rejection of the Section 9 Application by the Operational Creditor. The Tribunal clarified the Adjudicating Authority's role in implementing penal provisions under the Code and upheld decisions based on lack of fraudulent or malicious intent. The Appeal was disposed of with necessary observations and clarifications, indicating no further direction needed for prosecution under Section 76. en-us Fri, 11 Nov 2022 00:00:00 +0530 Sat, 12 Nov 2022 09:14:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=430144 The National Company Law Appellate Tribunal addressed the Appeal challenging the Adjudicating Authority's Order under Sections 65 and 76 of the Insolvency and Bankruptcy Code, 2016, along with the rejection of the Section 9 Application by the Operational Creditor. The Tribunal clarified the Adjudicating Authority's role in implementing penal provisions under the Code and upheld decisions based on lack of fraudulent or malicious intent. The Appeal was disposed of with necessary observations and clarifications, indicating no further direction needed for prosecution under Section 76. Case-Laws Insolvency and Bankruptcy Fri, 11 Nov 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=430144