https://www.taxtmi.com/caselaws?id=786388 Related party lending and receipt of loan proceeds justified admission of the insolvency application despite procedural lapses; because loan funds were indisputably received by the corporate debtor, the Adjudicating Authority rightly admitted the Section 7 petition and the appellate tribunal upheld that admission. Alleged related party interest disclosed in balance sheets and subsidiary links did not invalidate creditor status, so the challenge failed. Liquidation and e auction processes complied with the Code and Liquidation Rules, and no proven timeline or reserve price violation warranted interference, so liquidation was sustained. Exorbitant contractual interest was open to adjustment; the appeal against the impugned order was rejected as lacking merit. en-us Wed, 21 Jan 2026 00:00:00 +0530 Thu, 12 Feb 2026 09:03:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=786388 Related party lending and receipt of loan proceeds justified admission of the insolvency application despite procedural lapses; because loan funds were indisputably received by the corporate debtor, the Adjudicating Authority rightly admitted the Section 7 petition and the appellate tribunal upheld that admission. Alleged related party interest disclosed in balance sheets and subsidiary links did not invalidate creditor status, so the challenge failed. Liquidation and e auction processes complied with the Code and Liquidation Rules, and no proven timeline or reserve price violation warranted interference, so liquidation was sustained. Exorbitant contractual interest was open to adjustment; the appeal against the impugned order was rejected as lacking merit. Case-Laws IBC Wed, 21 Jan 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=786388