https://www.taxtmi.com/caselaws?id=433862 The Appellate Tribunal upheld the Adjudicating Authority's decision in the case, dismissing the appeal as lacking merit. The Tribunal found that the Appellant failed to prove the repayment of Rs. 23 lakhs to the Corporate Debtor, leading to the direction for money recovery and initiation of criminal prosecution under Section 69 of the I & B Code, 2016. The Tribunal concluded that the impugned order was valid, denying the Appellant's claims of no dues outstanding and the denial of an opportunity to be heard. en-us Thu, 09 Feb 2023 00:00:00 +0530 Fri, 10 Feb 2023 15:24:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=433862 The Appellate Tribunal upheld the Adjudicating Authority's decision in the case, dismissing the appeal as lacking merit. The Tribunal found that the Appellant failed to prove the repayment of Rs. 23 lakhs to the Corporate Debtor, leading to the direction for money recovery and initiation of criminal prosecution under Section 69 of the I & B Code, 2016. The Tribunal concluded that the impugned order was valid, denying the Appellant's claims of no dues outstanding and the denial of an opportunity to be heard. Case-Laws Insolvency and Bankruptcy Thu, 09 Feb 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=433862