https://www.taxtmi.com/caselaws?id=310035 The appeal filed by 'M/s Stressed Assets Stabilization Fund' against the rejection of their application related to 'M/s Datre Corporation Ltd.' was dismissed by the Adjudicating Authority. The Appellant's attempt to recall the order admitting the Corporate Insolvency Resolution Process was deemed outside the Authority's jurisdiction. The Appellant's exclusion from the Committee of Creditors and challenges to the admission of the application were rejected. The Authority found the Interlocutory Application frivolous and imposed a cost of Rs.1 Lakh on the Appellant. The appeal outcome favored the Adjudicating Authority, upholding the dismissal and cost imposition. en-us Wed, 01 Aug 2018 00:00:00 +0530 Wed, 04 Oct 2023 07:19:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=310035 The appeal filed by 'M/s Stressed Assets Stabilization Fund' against the rejection of their application related to 'M/s Datre Corporation Ltd.' was dismissed by the Adjudicating Authority. The Appellant's attempt to recall the order admitting the Corporate Insolvency Resolution Process was deemed outside the Authority's jurisdiction. The Appellant's exclusion from the Committee of Creditors and challenges to the admission of the application were rejected. The Authority found the Interlocutory Application frivolous and imposed a cost of Rs.1 Lakh on the Appellant. The appeal outcome favored the Adjudicating Authority, upholding the dismissal and cost imposition. Case-Laws Insolvency and Bankruptcy Wed, 01 Aug 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=310035