https://www.taxtmi.com/caselaws?id=354616 The appeal was allowed, setting aside the order admitting the application under Section 7 of the Insolvency and Bankruptcy Code due to lack of notice to the Corporate Debtor, a violation of natural justice. As the matter had been settled between the parties, all orders by the Adjudicating Authority were declared illegal. The Corporate Debtor was released from legal constraints, and the application under Section 9 of the I&B Code was dismissed. The Adjudicating Authority was directed to determine the Interim Resolution Professional's fee, with the Corporate Debtor instructed to pay the fees. The appeal was allowed with no costs awarded. en-us Wed, 03 Jan 2018 00:00:00 +0530 Thu, 01 Feb 2018 06:44:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=354616 The appeal was allowed, setting aside the order admitting the application under Section 7 of the Insolvency and Bankruptcy Code due to lack of notice to the Corporate Debtor, a violation of natural justice. As the matter had been settled between the parties, all orders by the Adjudicating Authority were declared illegal. The Corporate Debtor was released from legal constraints, and the application under Section 9 of the I&B Code was dismissed. The Adjudicating Authority was directed to determine the Interim Resolution Professional's fee, with the Corporate Debtor instructed to pay the fees. The appeal was allowed with no costs awarded. Case-Laws Insolvency and Bankruptcy Wed, 03 Jan 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=354616