2024 (5) TMI 894

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..... t ' The Adjudicating Authority erred in passing the Impugned Order dated 13.10.2021 admitting application under Section 7 of the Code and therefore Impugned Order deserves to be set aside accordingly' - HELD THAT:- The observations recorded in the impugned judgment(s) agreed upon that initiation of proceedings under the Insolvency and Bankruptcy Code, 2016, was not the appropriate remedy g .....

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..... itiation of proceedings under the Insolvency and Bankruptcy Code, 2016, was not the appropriate remedy given the factual background and the disputes arising in the present cases. Recording the aforesaid, the appeals are dismissed. However, we clarify that the observations made in the impugned judgment(s) and dismissal of the present appeals will not be treated as binding findings in any other proc .....

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