https://www.taxtmi.com/highlights?id=97672 Forensic audit reports commissioned by suspended management lack admissibility where they are unsigned, uncertified, draft-form, bear disclaimers, or are produced by an interested party; such reports raise conflict-of-interest and confidentiality concerns and may be excluded from record. There is no entitlement under the insolvency code for suspended management to unilaterally commission and seek formal judicial acceptance of a forensic/transaction audit where CIRP initiation fraud is not alleged; applications presented on that basis are not maintainable. A resolution professional must form and record his opinion before filing avoidance applications, and where such opinion is recorded and objections can be filed, challenges fail. en-us Sat, 14 Mar 2026 08:36:57 +0530 Sat, 14 Mar 2026 08:36:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=97672 Forensic audit reports commissioned by suspended management lack admissibility where they are unsigned, uncertified, draft-form, bear disclaimers, or are produced by an interested party; such reports raise conflict-of-interest and confidentiality concerns and may be excluded from record. There is no entitlement under the insolvency code for suspended management to unilaterally commission and seek formal judicial acceptance of a forensic/transaction audit where CIRP initiation fraud is not alleged; applications presented on that basis are not maintainable. A resolution professional must form and record his opinion before filing avoidance applications, and where such opinion is recorded and objections can be filed, challenges fail. Highlights IBC Sat, 14 Mar 2026 08:36:57 +0530 https://www.taxtmi.com/highlights?id=97672