https://www.taxtmi.com/caselaws?id=433529 The Tribunal upheld the dismissal of the Section 9 application under the Insolvency and Bankruptcy Code, 2016, due to collusion between the Appellant and an individual associated with the Corporate Debtor. The Tribunal also recognized a pre-existing dispute between the parties, rendering the application untenable. Respondents No. 2 and 3, majority shareholders of the Corporate Debtor, were deemed entitled to defend the company's interests. The appeal was dismissed without costs to the Appellant. en-us Wed, 01 Feb 2023 00:00:00 +0530 Thu, 02 Feb 2023 10:01:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=433529 The Tribunal upheld the dismissal of the Section 9 application under the Insolvency and Bankruptcy Code, 2016, due to collusion between the Appellant and an individual associated with the Corporate Debtor. The Tribunal also recognized a pre-existing dispute between the parties, rendering the application untenable. Respondents No. 2 and 3, majority shareholders of the Corporate Debtor, were deemed entitled to defend the company's interests. The appeal was dismissed without costs to the Appellant. Case-Laws Insolvency and Bankruptcy Wed, 01 Feb 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=433529