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    <title>VALIDITY OF SECTION 7 OF INSOLVENCY AND BANKRUPTCY CODE, 2016</title>
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    <description>Section 7 prescribes filing, evidence of default, nomination of a resolution professional and service of the insolvency application; where the Code and Rules are silent on hearing procedure, principles of natural justice require the Adjudicating Authority to afford the corporate debtor a reasonable opportunity to file objections and be heard before ascertaining default and admitting or rejecting the petition.</description>
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