https://www.taxtmi.com/caselaws?id=774220 The Tribunal dismissed the contempt petition against the Resolution Professional and Committee of Creditors. The appellant alleged violation of the Tribunal's 15.12.2022 order directing the RP to await disposal of a pending application before inviting fresh Expressions of Interest in the corporate insolvency resolution process. The Tribunal found no wilful contempt as the fresh EoI was issued pursuant to subsequent orders by the adjudicating authority dated 14.11.2024 and 03.12.2024, which authorized the RP to proceed despite pending litigation concerning the corporate debtor's assets. The Tribunal held that judicial authorization validated the RP's actions, and transparency regarding ongoing disputes was maintained in the fresh EoI process. en-us Thu, 03 Jul 2025 00:00:00 +0530 Sat, 05 Jul 2025 08:47:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=774220 The Tribunal dismissed the contempt petition against the Resolution Professional and Committee of Creditors. The appellant alleged violation of the Tribunal's 15.12.2022 order directing the RP to await disposal of a pending application before inviting fresh Expressions of Interest in the corporate insolvency resolution process. The Tribunal found no wilful contempt as the fresh EoI was issued pursuant to subsequent orders by the adjudicating authority dated 14.11.2024 and 03.12.2024, which authorized the RP to proceed despite pending litigation concerning the corporate debtor's assets. The Tribunal held that judicial authorization validated the RP's actions, and transparency regarding ongoing disputes was maintained in the fresh EoI process. Case-Laws IBC Thu, 03 Jul 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=774220