https://www.taxtmi.com/caselaws?id=775395 The NCLAT dismissed the appeal challenging the initiation of CIRP against the Corporate Debtor under Section 12A of the IBC. The appellant's claim of criminal intimidation, threat, coercion, and fraud to enter into a settlement was not accepted as it lacked prima facie evidence or a pending criminal investigation. Additional documents submitted to prove fraud and coercion were rejected since they were not placed before or tested by the Adjudicating Authority and were introduced for the first time at the appellate stage. The tribunal held that allegations of threat or coercion require investigation and legal adjudication, which the appellant failed to pursue. Consequently, the appellant's contention that he was not an applicant under Section 12A was unsubstantiated, and the appeal was dismissed for lack of merit. en-us Tue, 22 Jul 2025 00:00:00 +0530 Fri, 25 Jul 2025 08:28:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=775395 The NCLAT dismissed the appeal challenging the initiation of CIRP against the Corporate Debtor under Section 12A of the IBC. The appellant's claim of criminal intimidation, threat, coercion, and fraud to enter into a settlement was not accepted as it lacked prima facie evidence or a pending criminal investigation. Additional documents submitted to prove fraud and coercion were rejected since they were not placed before or tested by the Adjudicating Authority and were introduced for the first time at the appellate stage. The tribunal held that allegations of threat or coercion require investigation and legal adjudication, which the appellant failed to pursue. Consequently, the appellant's contention that he was not an applicant under Section 12A was unsubstantiated, and the appeal was dismissed for lack of merit. Case-Laws IBC Tue, 22 Jul 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=775395