The stand as taken by the parties, suggest that the application ...

Insolvency and Bankruptcy

August 25, 2020

The stand as taken by the parties, suggest that the application under Section 10 of the I&B Code was filed by the ‘Corporate Applicant’ fraudulently with malicious intent and not for ‘Resolution’ or ‘Liquidation’ and may attract Section 65 of the I&B Code for penal action. However, as no such order has been passed by the Adjudicating Authority (NCLT), we are not passing any penal order u/s 65 - AT

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The stand as taken by the parties, suggest that the application ...

Insolvency and Bankruptcy

August 25, 2020

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