https://www.taxtmi.com/caselaws?id=386200 The appellate tribunal set aside the Adjudicating Authority's rejection of the application under Section 7 of the Insolvency and Bankruptcy Code. It found that the amounts borrowed constituted a debt due and payable, which had defaulted. The tribunal directed the Adjudicating Authority to admit the application, notifying the respondent to appear for a hearing. No costs were awarded. en-us Mon, 23 Sep 2019 00:00:00 +0530 Tue, 24 Sep 2019 07:17:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=386200 The appellate tribunal set aside the Adjudicating Authority's rejection of the application under Section 7 of the Insolvency and Bankruptcy Code. It found that the amounts borrowed constituted a debt due and payable, which had defaulted. The tribunal directed the Adjudicating Authority to admit the application, notifying the respondent to appear for a hearing. No costs were awarded. Case-Laws Insolvency and Bankruptcy Mon, 23 Sep 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=386200