https://www.taxtmi.com/caselaws?id=777166 Affected stakeholders, including workers, may seek consideration of a Section 65 IBC objection in pending Section 7 proceedings when they specifically allege fraudulent or malicious initiation of insolvency. Such an application cannot be rejected solely for want of locus standi where the pleadings disclose a direct grievance and assert collusive or sham transactions. The Adjudicating Authority must examine the Section 65 allegations on merits in accordance with the statutory prohibition against fraudulent or malicious proceedings, and a pending Section 66 avoidance application does not by itself justify summary rejection. The intervention application was revived and the matter remitted for fresh consideration. en-us Mon, 25 Aug 2025 00:00:00 +0530 Tue, 26 Aug 2025 08:41:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=777166 Affected stakeholders, including workers, may seek consideration of a Section 65 IBC objection in pending Section 7 proceedings when they specifically allege fraudulent or malicious initiation of insolvency. Such an application cannot be rejected solely for want of locus standi where the pleadings disclose a direct grievance and assert collusive or sham transactions. The Adjudicating Authority must examine the Section 65 allegations on merits in accordance with the statutory prohibition against fraudulent or malicious proceedings, and a pending Section 66 avoidance application does not by itself justify summary rejection. The intervention application was revived and the matter remitted for fresh consideration. Case-Laws IBC Mon, 25 Aug 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=777166