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        F. Acts / Amendment Acts

        Section 3 - Amendment of section 7.

        Insolvency and Bankruptcy Code (Amendment) Act, 2019

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        Recording reasons duty: adjudicating authority must explain delay in determining default and issuing insolvency order. The proviso to section 7(4) mandates that the Adjudicating Authority, if it has not ascertained the existence of default and passed an order under sub-section (5) within such time, shall record its reasons in writing for the same.
                          Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
                            Provisions expressly mentioned in the judgment/order text.

                                Recording reasons duty: adjudicating authority must explain delay in determining default and issuing insolvency order.

                                The proviso to section 7(4) mandates that the Adjudicating Authority, if it has not ascertained the existence of default and passed an order under sub-section (5) within such time, shall record its reasons in writing for the same.


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