https://www.taxtmi.com/caselaws?id=281138 The Court allowed the Civil Revision Petition, setting aside the National Company Law Tribunal's order for admitting an application without proper notice. The Court emphasized the mandatory nature of serving notice at the registered office, highlighting the importance of preventing prejudice to the corporate debtor's rights. It asserted its power under Article 227 to rectify instances of injustice or incorrect jurisdiction. The Tribunal's failure to adhere to statutory requirements and principles of natural justice under the Companies Act led to the Court's decision to overturn the order. The operational creditor was directed to follow proper procedures, and the corporate debtor was granted the opportunity to contest the case before the Tribunal. en-us Fri, 24 Nov 2017 00:00:00 +0530 Wed, 05 Jun 2019 06:22:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=281138 The Court allowed the Civil Revision Petition, setting aside the National Company Law Tribunal's order for admitting an application without proper notice. The Court emphasized the mandatory nature of serving notice at the registered office, highlighting the importance of preventing prejudice to the corporate debtor's rights. It asserted its power under Article 227 to rectify instances of injustice or incorrect jurisdiction. The Tribunal's failure to adhere to statutory requirements and principles of natural justice under the Companies Act led to the Court's decision to overturn the order. The operational creditor was directed to follow proper procedures, and the corporate debtor was granted the opportunity to contest the case before the Tribunal. Case-Laws Insolvency and Bankruptcy Fri, 24 Nov 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=281138