https://www.taxtmi.com/caselaws?id=788837 A Section 65 IBC challenge requires specific pleadings and cogent material showing fraudulent or malicious initiation of insolvency proceedings. The application failed because no such material was produced, and the grievance over non-issuance of no-objection certificates was treated as a post-default issue that did not defeat the statutory consequences of admitted default. The availability of possession during CIRP and the effect of Regulation 4E of the CIRP Regulations also showed that the allottee-related grievance did not justify invoking Section 65. The rejection of the Section 65 plea was therefore sustained, and the insolvency admission process was left undisturbed. en-us Fri, 27 Mar 2026 00:00:00 +0530 Mon, 30 Mar 2026 08:48:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=788837 A Section 65 IBC challenge requires specific pleadings and cogent material showing fraudulent or malicious initiation of insolvency proceedings. The application failed because no such material was produced, and the grievance over non-issuance of no-objection certificates was treated as a post-default issue that did not defeat the statutory consequences of admitted default. The availability of possession during CIRP and the effect of Regulation 4E of the CIRP Regulations also showed that the allottee-related grievance did not justify invoking Section 65. The rejection of the Section 65 plea was therefore sustained, and the insolvency admission process was left undisturbed. Case-Laws IBC Fri, 27 Mar 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=788837