https://www.taxtmi.com/caselaws?id=430333 The appeal involved the applicability of Section 28 of the Insolvency and Bankruptcy Code, 2016 concerning related party transactions without Committee of Creditors (CoC) approval. The Adjudicating Authority found payments made without CoC ratification void under Section 28(4) of the Code. It emphasized the necessity of CoC approval for transactions during the Corporate Insolvency Resolution Process. The judgment upheld the Adjudicating Authority's decision, emphasizing compliance with Section 28 provisions and the significance of CoC approval for transparency and accountability in insolvency proceedings. en-us Tue, 15 Nov 2022 00:00:00 +0530 Thu, 17 Nov 2022 09:12:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=430333 The appeal involved the applicability of Section 28 of the Insolvency and Bankruptcy Code, 2016 concerning related party transactions without Committee of Creditors (CoC) approval. The Adjudicating Authority found payments made without CoC ratification void under Section 28(4) of the Code. It emphasized the necessity of CoC approval for transactions during the Corporate Insolvency Resolution Process. The judgment upheld the Adjudicating Authority's decision, emphasizing compliance with Section 28 provisions and the significance of CoC approval for transparency and accountability in insolvency proceedings. Case-Laws Insolvency and Bankruptcy Tue, 15 Nov 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=430333