https://www.taxtmi.com/caselaws?id=438440 The appeal under Section 61 of the IBC was allowed by the Tribunal, setting aside the Adjudicating Authority's order and permitting the Appellant to intervene in the CIRP proceedings of Ascot Projects Pvt. Ltd. The Tribunal emphasized the need to address fraud allegations under Section 65 of the IBC and recognized the interconnected interests of Intellicity Business Park's resolution. The decision aimed to ensure natural justice, avoid miscarriage of justice, and facilitate a smoother resolution process for Intellicity Business Park. en-us Wed, 31 May 2023 00:00:00 +0530 Thu, 01 Jun 2023 08:06:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=438440 The appeal under Section 61 of the IBC was allowed by the Tribunal, setting aside the Adjudicating Authority's order and permitting the Appellant to intervene in the CIRP proceedings of Ascot Projects Pvt. Ltd. The Tribunal emphasized the need to address fraud allegations under Section 65 of the IBC and recognized the interconnected interests of Intellicity Business Park's resolution. The decision aimed to ensure natural justice, avoid miscarriage of justice, and facilitate a smoother resolution process for Intellicity Business Park. Case-Laws Insolvency and Bankruptcy Wed, 31 May 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=438440