https://www.taxtmi.com/caselaws?id=465754 In insolvency proceedings, a status quo order may be vacated where its continuation obstructs the time-bound corporate insolvency resolution process, and the tribunal's residuary powers are confined to procedural necessity rather than creating a continuing restraint. A request to withdraw or re-issue an expression of interest becomes infructuous if a later order already directs valuation of assets and a fresh invitation of expression of interest, leaving no separate relief to grant. The look-back period for transaction audit under Section 43 of the Insolvency and Bankruptcy Code does not bar scrutiny of transactions under Section 66 where no express statutory restriction applies. en-us Wed, 05 Mar 2025 00:00:00 +0530 Wed, 07 Jan 2026 20:51:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=465754 In insolvency proceedings, a status quo order may be vacated where its continuation obstructs the time-bound corporate insolvency resolution process, and the tribunal's residuary powers are confined to procedural necessity rather than creating a continuing restraint. A request to withdraw or re-issue an expression of interest becomes infructuous if a later order already directs valuation of assets and a fresh invitation of expression of interest, leaving no separate relief to grant. The look-back period for transaction audit under Section 43 of the Insolvency and Bankruptcy Code does not bar scrutiny of transactions under Section 66 where no express statutory restriction applies. Case-Laws IBC Wed, 05 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=465754