https://www.taxtmi.com/caselaws?id=463442 An appeal against admission of insolvency proceedings under the Insolvency and Bankruptcy Code, 2016 was held incompetent when filed by the corporate debtor through its director on the basis of a board resolution after admission. The reasoning was that, once insolvency proceedings are admitted and management control shifts, the erstwhile management lacks competence to represent the company in challenging the admission order. The objection to maintainability was accepted, and the appeal was dismissed. en-us Wed, 16 Oct 2024 00:00:00 +0530 Tue, 02 Sep 2025 19:03:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=463442 An appeal against admission of insolvency proceedings under the Insolvency and Bankruptcy Code, 2016 was held incompetent when filed by the corporate debtor through its director on the basis of a board resolution after admission. The reasoning was that, once insolvency proceedings are admitted and management control shifts, the erstwhile management lacks competence to represent the company in challenging the admission order. The objection to maintainability was accepted, and the appeal was dismissed. Case-Laws IBC Wed, 16 Oct 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=463442