https://www.taxtmi.com/article/detailed?id=13816 High Courts must not substitute themselves for the decision-making authority in insolvency proceedings under the Code. The statutory process requires appointment of a Resolution Professional whose report on existence of debt and guarantor liability is recommendatory and must precede judicial examination by the Adjudicating Authority when deciding admission or rejection of an application. Premature writ intervention by a High Court before the Resolution Professional's report disrupts the statutory sequence and prevents the Adjudicating Authority from performing its adjudicatory functions. en-us Mon, 17 Mar 2025 07:45:58 +0530 Mon, 17 Mar 2025 07:45:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=13816 High Courts must not substitute themselves for the decision-making authority in insolvency proceedings under the Code. The statutory process requires appointment of a Resolution Professional whose report on existence of debt and guarantor liability is recommendatory and must precede judicial examination by the Adjudicating Authority when deciding admission or rejection of an application. Premature writ intervention by a High Court before the Resolution Professional's report disrupts the statutory sequence and prevents the Adjudicating Authority from performing its adjudicatory functions. Articles Corporate Laws / IBC / SEBI Mon, 17 Mar 2025 07:45:58 +0530 https://www.taxtmi.com/article/detailed?id=13816