https://www.taxtmi.com/caselaws?id=377695 The Appellate Tribunal set aside the order admitting the application under Section 7 of the Insolvency and Bankruptcy Code due to the failure to provide notice to the Corporate Debtor. All orders by the Adjudicating Authority were declared illegal, and the Corporate Debtor was released from legal restrictions. The matter was not remitted back, and the Corporate Debtor could function independently. The Adjudicating Authority was tasked with determining the Interim Resolution Professional's fee, to be paid by the Corporate Debtor. The appeal was allowed, no costs were awarded, and the proceedings were to be closed. en-us Mon, 07 Jan 2019 00:00:00 +0530 Tue, 02 Apr 2019 07:29:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=377695 The Appellate Tribunal set aside the order admitting the application under Section 7 of the Insolvency and Bankruptcy Code due to the failure to provide notice to the Corporate Debtor. All orders by the Adjudicating Authority were declared illegal, and the Corporate Debtor was released from legal restrictions. The matter was not remitted back, and the Corporate Debtor could function independently. The Adjudicating Authority was tasked with determining the Interim Resolution Professional's fee, to be paid by the Corporate Debtor. The appeal was allowed, no costs were awarded, and the proceedings were to be closed. Case-Laws Insolvency and Bankruptcy Mon, 07 Jan 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=377695