https://www.taxtmi.com/caselaws?id=344688 Section 7 insolvency applications generally require limited notice to the corporate debtor before admission so it can address default and the completeness of the filing, although remand may be unnecessary where the debtor was already heard and no prejudice is shown. The Insolvency and Bankruptcy Code prevails over inconsistent State protection legislation by virtue of its overriding clause, and the Maharashtra Relief Undertaking Act was treated as operating in a different field. Prior consent of a Joint Lender Forum is not a statutory condition for filing or admitting a Section 7 application, because the adjudicating authority's inquiry is confined to default, completeness, and absence of disciplinary proceedings. en-us Mon, 15 May 2017 00:00:00 +0530 Wed, 03 Jan 2018 12:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=344688 Section 7 insolvency applications generally require limited notice to the corporate debtor before admission so it can address default and the completeness of the filing, although remand may be unnecessary where the debtor was already heard and no prejudice is shown. The Insolvency and Bankruptcy Code prevails over inconsistent State protection legislation by virtue of its overriding clause, and the Maharashtra Relief Undertaking Act was treated as operating in a different field. Prior consent of a Joint Lender Forum is not a statutory condition for filing or admitting a Section 7 application, because the adjudicating authority's inquiry is confined to default, completeness, and absence of disciplinary proceedings. Case-Laws Insolvency and Bankruptcy Mon, 15 May 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=344688