Joint Resolution Applicant's Eligibility Questioned; Res Judicata Inapplicable in Insolvency Case; Petition Dismissed.

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....Violation of res judicata principles u/s 11 of the Code of Civil Procedure, 1908, suppression of relevant facts from the Committee of Creditors (CoC), discrepancy in examining financial capability and eligibility of a Joint Resolution Applicant who is a former director of the Corporate Debtor and also a director in another company undergoing CIRP proceedings, disposal of the Corporate Debtor's assets without CoC approval, executing lease agreements with Prospective Resolution Applicants without CoC approval, and the review of an order by the Disciplinary Committee. The key issues are the eligibility of the Joint Resolution Applicant, non-compliance with Section 30(2) of the Insolvency and Bankruptcy Code regarding the Resolution Professiona.........