After recusal over attempt to influence member, NCLAT sets aside insolvency; imposes ₹10 lakh costs
The dispute traces back to a Section 9 petition filed by AS Met Corp before the NCLT, Hyderabad seeking initiation of the Corporate Insolvency Resolution Process (CIRP) against the corporate debtor over alleged unpaid dues of about ₹3.79 crore. It was contended that a large-scale fraud had taken place involving collusion between employees and suppliers,…

