https://www.taxtmi.com/caselaws?id=194452 The Tribunal invoked inherent powers under the Companies Act 2013 to address issues raised in a case involving a Corporate Debtor. Despite a delay in passing the order, the Tribunal found that the Corporate Debtor had the opportunity to make submissions. The Tribunal held that the Corporate Debtor should have raised certain pleas in the initial application and dismissed a subsequent application for failure to do so. It clarified that creditor applications must be decided promptly within 14 days of filing. The Tribunal dismissed the application for non-compliance with the Insolvency & Bankruptcy Code and addressed the issue of the agency's involvement. en-us Mon, 23 Jan 2017 00:00:00 +0530 Fri, 08 Sep 2017 11:00:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=194452 The Tribunal invoked inherent powers under the Companies Act 2013 to address issues raised in a case involving a Corporate Debtor. Despite a delay in passing the order, the Tribunal found that the Corporate Debtor had the opportunity to make submissions. The Tribunal held that the Corporate Debtor should have raised certain pleas in the initial application and dismissed a subsequent application for failure to do so. It clarified that creditor applications must be decided promptly within 14 days of filing. The Tribunal dismissed the application for non-compliance with the Insolvency & Bankruptcy Code and addressed the issue of the agency's involvement. Case-Laws Companies Law Mon, 23 Jan 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=194452