https://www.taxtmi.com/caselaws?id=757763 NCLAT Principal Bench dismissed appeals challenging adjudicating authority's order rejecting fresh application under Section 94 IBC. Appellant had filed Section 94 application in 2020, which was dismissed in February 2024 without liberty to re-file. Though appellant was later permitted to withdraw another petition with liberty to re-file, the adjudicating authority correctly held that no such liberty was granted in the original dismissal order. Bank opposed citing misuse of interim moratorium preventing recovery proceedings under SARFAESI/RDBFI Act for four years. NCLAT found no error in adjudicating authority's decision on maintainability of fresh application. en-us Fri, 30 Aug 2024 00:00:00 +0530 Mon, 02 Sep 2024 08:25:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=757763 NCLAT Principal Bench dismissed appeals challenging adjudicating authority's order rejecting fresh application under Section 94 IBC. Appellant had filed Section 94 application in 2020, which was dismissed in February 2024 without liberty to re-file. Though appellant was later permitted to withdraw another petition with liberty to re-file, the adjudicating authority correctly held that no such liberty was granted in the original dismissal order. Bank opposed citing misuse of interim moratorium preventing recovery proceedings under SARFAESI/RDBFI Act for four years. NCLAT found no error in adjudicating authority's decision on maintainability of fresh application. Case-Laws Insolvency and Bankruptcy Fri, 30 Aug 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=757763