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.
Section 7 application filed by the Financial Creditor was erroneously rejected by the Adjudicating Authority despite debt and default by the Corporate Debtor. The assignment agreement did not materialize, and the Corporate Debtor remained liable. The interim injunction order by the Commercial Court had no bearing on the continuance of Section 7 proceedings. The NCLAT held that the Adjudicating Authority should have admitted the Section 7 application and initiated CIRP against the Corporate Debtor. The NCLAT set aside the dismissal order and directed the Adjudicating Authority to admit the Section 7 application within 30 days.
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