https://www.taxtmi.com/caselaws?id=352068 The Appellate Tribunal found the initiation of the resolution process invalid due to the demand notice under Section 8 not being issued by an authorized person or in the prescribed format. As a result, the impugned order admitting the application for insolvency resolution was set aside. The appeal was allowed, subsequent actions were declared illegal, the application under Section 9 was dismissed, and the Corporate Debtor was released from legal constraints. The Adjudicating Authority was directed to close the proceedings, and the Corporate Debtor was instructed to pay the Interim Resolution Professional's fees if appointed, with no costs awarded. en-us Thu, 02 Nov 2017 00:00:00 +0530 Wed, 03 Jan 2018 11:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=352068 The Appellate Tribunal found the initiation of the resolution process invalid due to the demand notice under Section 8 not being issued by an authorized person or in the prescribed format. As a result, the impugned order admitting the application for insolvency resolution was set aside. The appeal was allowed, subsequent actions were declared illegal, the application under Section 9 was dismissed, and the Corporate Debtor was released from legal constraints. The Adjudicating Authority was directed to close the proceedings, and the Corporate Debtor was instructed to pay the Interim Resolution Professional's fees if appointed, with no costs awarded. Case-Laws Insolvency and Bankruptcy Thu, 02 Nov 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=352068