https://www.taxtmi.com/news?id=62422 ED alleges misuse of the IBC through an under-valued sale of insolvent company land during the corporate insolvency resolution process; searches of intermediaries, including an NCLT advocate, recovered Rs 50 lakh in unexplained cash and digital evidence of illicit consideration arranged outside creditor or successful resolution applicant approval, and the probe alleges pre-determined bids, bid rigging, a nexus with a secured creditor official, and negligence by the Resolution Professional. en-us Fri, 21 Nov 2025 22:31:03 +0530 Fri, 21 Nov 2025 22:31:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=62422 ED alleges misuse of the IBC through an under-valued sale of insolvent company land during the corporate insolvency resolution process; searches of intermediaries, including an NCLT advocate, recovered Rs 50 lakh in unexplained cash and digital evidence of illicit consideration arranged outside creditor or successful resolution applicant approval, and the probe alleges pre-determined bids, bid rigging, a nexus with a secured creditor official, and negligence by the Resolution Professional. News - Fri, 21 Nov 2025 22:31:03 +0530 https://www.taxtmi.com/news?id=62422