NCLT Dismisses CIRP Application: Appellant Failed to Prove Direct Loan to Corporate Debtor, No Corporate Veil Piercing.

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....Initiation of CIRP - Given the fact that the Appellant has failed to establish that he had given any loan to the Corporate Debtor directly, it does not stand to reason for him to press for piercing the corporate veil to alleviate the burdens of his financial misadventure - NCLT rightly rejected the application - AT....