https://www.taxtmi.com/caselaws?id=376636 The Appellate Tribunal set aside the NCLT's decision and directed the Adjudicating Authority to admit the Section 7 application filed by SBI under the Insolvency and Bankruptcy Code. The Tribunal found that the pending winding up proceedings did not render the application non-maintainable since no final winding up order had been issued. The Tribunal emphasized the importance of allowing all stakeholders to participate in the proceedings and clarified the distinction between winding up and liquidation. The matter was remitted for further proceedings without the need for additional hearings. en-us Fri, 08 Feb 2019 00:00:00 +0530 Sat, 15 Jun 2019 17:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=376636 The Appellate Tribunal set aside the NCLT's decision and directed the Adjudicating Authority to admit the Section 7 application filed by SBI under the Insolvency and Bankruptcy Code. The Tribunal found that the pending winding up proceedings did not render the application non-maintainable since no final winding up order had been issued. The Tribunal emphasized the importance of allowing all stakeholders to participate in the proceedings and clarified the distinction between winding up and liquidation. The matter was remitted for further proceedings without the need for additional hearings. Case-Laws Insolvency and Bankruptcy Fri, 08 Feb 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=376636