https://www.taxtmi.com/caselaws?id=446243 NCLAT Principal Bench disposed of multiple appeals and contempt petition regarding CIRP proceedings involving validity of Business Service Agreement and alleged preferential/fraudulent transactions. The tribunal upheld interim protection granted to one party as SC dismissed civil appeal against the stay order dated 31.05.2023. NCLAT directed continuation of stay until decision on applications under Sections 45 and 66 of the Code, with Adjudicating Authority required to decide within 3 months. Second and third appeals by retail entity dismissed as without merit, noting transaction review audit revealed legitimate issues requiring adjudication. Contempt petition also dismissed as matter under consideration by Adjudicating Authority through pending applications. en-us Wed, 22 Nov 2023 00:00:00 +0530 Tue, 28 Nov 2023 18:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=446243 NCLAT Principal Bench disposed of multiple appeals and contempt petition regarding CIRP proceedings involving validity of Business Service Agreement and alleged preferential/fraudulent transactions. The tribunal upheld interim protection granted to one party as SC dismissed civil appeal against the stay order dated 31.05.2023. NCLAT directed continuation of stay until decision on applications under Sections 45 and 66 of the Code, with Adjudicating Authority required to decide within 3 months. Second and third appeals by retail entity dismissed as without merit, noting transaction review audit revealed legitimate issues requiring adjudication. Contempt petition also dismissed as matter under consideration by Adjudicating Authority through pending applications. Case-Laws Insolvency and Bankruptcy Wed, 22 Nov 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=446243