https://www.taxtmi.com/caselaws?id=788235 Section 65 of the Insolvency and Bankruptcy Code addresses fraudulent or malicious initiation of the corporate insolvency resolution process for purposes other than genuine insolvency resolution. Relevant indicators include failure by the initiating creditor to pursue its claim, timing of admission against pending tax recovery, related-party connections, and conduct suggesting use of the moratorium to obstruct recovery. Where abuse is established, CIRP may be terminated and penal or compensatory costs imposed. The initiating party may be directed to bear the resolution professional's fees and CIRP expenses where corporate assets are unavailable, the committee of creditors is non-functioning, and the circumstances justify departure from ordinary cost allocation. en-us Tue, 17 Mar 2026 00:00:00 +0530 Thu, 19 Mar 2026 08:59:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=788235 Section 65 of the Insolvency and Bankruptcy Code addresses fraudulent or malicious initiation of the corporate insolvency resolution process for purposes other than genuine insolvency resolution. Relevant indicators include failure by the initiating creditor to pursue its claim, timing of admission against pending tax recovery, related-party connections, and conduct suggesting use of the moratorium to obstruct recovery. Where abuse is established, CIRP may be terminated and penal or compensatory costs imposed. The initiating party may be directed to bear the resolution professional's fees and CIRP expenses where corporate assets are unavailable, the committee of creditors is non-functioning, and the circumstances justify departure from ordinary cost allocation. Case-Laws IBC Tue, 17 Mar 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=788235