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    <title>2026 (2) TMI 441 - NATIONAL COMPANY LAW APPELLATE TRIBUNAL, PRINCIPAL BENCH, NEW DELHI</title>
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    <description>Initiation of corporate insolvency concerned alleged collusive and malicious Section 7 filing and a Section 65 recall request. The tribunal found the corporate debtor had validly authorised a named representative by board resolution to appear and contest proceedings, undermining claims that the filing was fraudulent; the representative&#039;s association with both creditor and debtor did not by itself prove malice. The tribunal applied the strict standard of proof required for recall under Section 65 and held the appellant failed to meet it, so the adjudicating authority correctly rejected the Section 65 application and the appeal was dismissed.</description>
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      <link>https://www.taxtmi.com/caselaws?id=786246</link>
      <description>Initiation of corporate insolvency concerned alleged collusive and malicious Section 7 filing and a Section 65 recall request. The tribunal found the corporate debtor had validly authorised a named representative by board resolution to appear and contest proceedings, undermining claims that the filing was fraudulent; the representative&#039;s association with both creditor and debtor did not by itself prove malice. The tribunal applied the strict standard of proof required for recall under Section 65 and held the appellant failed to meet it, so the adjudicating authority correctly rejected the Section 65 application and the appeal was dismissed.</description>
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