https://www.taxtmi.com/caselaws?id=787402 Imposition of costs on financial creditors arising from a withdrawal under insolvency withdrawal provisions requires a reasoned, record-based finding establishing either that the withdrawal should have been disallowed or that creditors engaged in sanctionable misconduct; absent such findings and absent recorded objections by other creditors, imposing a monetary penalty is unsustainable. The tribunal confined review to the stated reasons for cost imposition, found none adequate, and therefore set aside the part of the order directing costs against the financial creditors, quashing that penalty. en-us Fri, 27 Feb 2026 00:00:00 +0530 Thu, 05 Mar 2026 08:41:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=787402 Imposition of costs on financial creditors arising from a withdrawal under insolvency withdrawal provisions requires a reasoned, record-based finding establishing either that the withdrawal should have been disallowed or that creditors engaged in sanctionable misconduct; absent such findings and absent recorded objections by other creditors, imposing a monetary penalty is unsustainable. The tribunal confined review to the stated reasons for cost imposition, found none adequate, and therefore set aside the part of the order directing costs against the financial creditors, quashing that penalty. Case-Laws IBC Fri, 27 Feb 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=787402