Allegations of fraudulent initiation of proceedings under IBC to be decided by adjudicating authority, Supreme Court

Allegations of fraudulent initiation of proceedings under IBC to be decided by adjudicating authority, Supreme Court
Supreme Court

The Supreme Court, in its recent order, held that allegations pertaining to collusion and fraudulent initiation of proceedings under the Insolvency and Bankruptcy Code (IBC) have to be decided by the Adjudicating Authority. (Beacon Trusteeship Ltd. vs Earthcon Infracon Pvt. Ltd.)

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