IBC - Highlights / Catch Notes
IBC - Seeking review of the order - adverse remarks against the applicant...
Insolvency and Bankruptcy
Seeking review of the order - adverse remarks against the applicant - Applicant suppressed material facts and misguided the members of CoC to achieve the desired decision in favour of DSKL. Further, this Tribunal observed that the adverse remarks and observations made in para 54 of the order of the Adjudicating Authority dated 01.03.2021 are not baseless and further observed that for appreciating the materials on record and to decide the matter, such observations are necessary. - There is patent error - Application dismissed - AT