https://www.taxtmi.com/caselaws?id=194420 The court dismissed the challenge to the vires of Section 7 of the Insolvency and Bankruptcy Code, 2016, affirming the requirement for the National Company Law Tribunal (NCLT) and National Company Law Appellate Tribunal (NCLAT) to adhere to principles of natural justice. The court emphasized the necessity for the NCLT to provide a reasonable opportunity for the corporate debtor to contest claims before admitting a petition under Section 7. The petition was disposed of without costs, permitting parties to address their concerns within legal frameworks. en-us Fri, 07 Apr 2017 00:00:00 +0530 Wed, 03 Jan 2018 12:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=194420 The court dismissed the challenge to the vires of Section 7 of the Insolvency and Bankruptcy Code, 2016, affirming the requirement for the National Company Law Tribunal (NCLT) and National Company Law Appellate Tribunal (NCLAT) to adhere to principles of natural justice. The court emphasized the necessity for the NCLT to provide a reasonable opportunity for the corporate debtor to contest claims before admitting a petition under Section 7. The petition was disposed of without costs, permitting parties to address their concerns within legal frameworks. Case-Laws Insolvency and Bankruptcy Fri, 07 Apr 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=194420