https://www.taxtmi.com/caselaws?id=433306 A Section 10 insolvency application supported by the required corporate resolutions and complete on the record was held not to be invalidated by mere allegations of fraud or mala fides. The record disclosed no material showing fraudulent or malicious initiation of CIRP, and any defect was treated only as an irregularity insufficient to vitiate the process. Reliefs seeking penalty, investigation, and a declaration of nullity were declined because an appropriate remedy existed under Section 61 of the Insolvency and Bankruptcy Code, 2016 and the CIRP had concluded with liquidation substantially complete. The impugned orders were left undisturbed and the appeals were dismissed. en-us Wed, 25 Jan 2023 00:00:00 +0530 Fri, 27 Jan 2023 08:32:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=433306 A Section 10 insolvency application supported by the required corporate resolutions and complete on the record was held not to be invalidated by mere allegations of fraud or mala fides. The record disclosed no material showing fraudulent or malicious initiation of CIRP, and any defect was treated only as an irregularity insufficient to vitiate the process. Reliefs seeking penalty, investigation, and a declaration of nullity were declined because an appropriate remedy existed under Section 61 of the Insolvency and Bankruptcy Code, 2016 and the CIRP had concluded with liquidation substantially complete. The impugned orders were left undisturbed and the appeals were dismissed. Case-Laws Insolvency and Bankruptcy Wed, 25 Jan 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=433306