https://www.taxtmi.com/caselaws?id=451025 In insolvency resolution proceedings, the Court treated the absence of any corporate debtor assets and the resulting non-payment under the statutory waterfall as making the appeal futile. On that factual basis, it found no justification to issue notice or continue with the matter and dismissed the appeal for want of any realistic prospect of recovery. Although delay was condoned, that procedural relief did not affect the substantive conclusion that no viable relief could be granted by entertaining the appeal. en-us Mon, 11 Mar 2024 00:00:00 +0530 Tue, 19 Mar 2024 08:40:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=451025 In insolvency resolution proceedings, the Court treated the absence of any corporate debtor assets and the resulting non-payment under the statutory waterfall as making the appeal futile. On that factual basis, it found no justification to issue notice or continue with the matter and dismissed the appeal for want of any realistic prospect of recovery. Although delay was condoned, that procedural relief did not affect the substantive conclusion that no viable relief could be granted by entertaining the appeal. Case-Laws Insolvency and Bankruptcy Mon, 11 Mar 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=451025