<?xml version="1.0" encoding="UTF-8"?>
<?xml-stylesheet type="text/xsl" href="https://www.taxtmi.com/rss_sitemap/rss_feed_blog.xsl?v=1750492856"?>
<rss version="2.0" xmlns:atom="http://www.w3.org/2005/Atom">
  <channel>
    <title>Resolution Professional Violated Insolvency Code Sections 25(2)(h) &amp; 24; Possible Collusion with Financial Creditor Suspected.</title>
    <link>https://www.taxtmi.com/highlights?id=67109</link>
    <description>CIRP proceedings - Infirmities and illegalities committed by the RP - it is evident that the RP had not taken any reasonable step to get the CD as going concern which is mandated as per Section 25(2)(h) or he acted in accordance with Section 24 of the Code and as such there is no reason to allow the impugned order to further continue. - the holding of the CoC Meeting in the premises of the Financial Creditor and also joint filing of the reply by RP and financial creditor also reflects that something was going on in between the parties. - AT</description>
    <language>en-us</language>
    <pubDate>Thu, 15 Dec 2022 12:37:45 +0530</pubDate>
    <lastBuildDate>Thu, 15 Dec 2022 12:37:45 +0530</lastBuildDate>
    <generator>TaxTMI RSS Generator</generator>
    <atom:link href="https://www.taxtmi.com/rss_feed_blog?id=698709" rel="self" type="application/rss+xml"/>
    <item>
      <title>Resolution Professional Violated Insolvency Code Sections 25(2)(h) &amp; 24; Possible Collusion with Financial Creditor Suspected.</title>
      <link>https://www.taxtmi.com/highlights?id=67109</link>
      <description>CIRP proceedings - Infirmities and illegalities committed by the RP - it is evident that the RP had not taken any reasonable step to get the CD as going concern which is mandated as per Section 25(2)(h) or he acted in accordance with Section 24 of the Code and as such there is no reason to allow the impugned order to further continue. - the holding of the CoC Meeting in the premises of the Financial Creditor and also joint filing of the reply by RP and financial creditor also reflects that something was going on in between the parties. - AT</description>
      <category>Highlights</category>
      <law>Insolvency and Bankruptcy</law>
      <pubDate>Thu, 15 Dec 2022 12:37:45 +0530</pubDate>
      <guid isPermaLink="true">https://www.taxtmi.com/highlights?id=67109</guid>
    </item>
  </channel>
</rss>