https://www.taxtmi.com/caselaws?id=387877 The NCLT concluded that the Adjudicating Authority has the power to restore a company's name for initiating the Corporate Insolvency Resolution Process (CIRP) under Sections 7 and 9 of the I&B Code, even if the company's name was previously struck off. The application under Section 9 was deemed maintainable, leading to the dismissal of the appeal challenging the order of admission dated 10th April 2019. The Tribunal found no merit in the appeal and dismissed it without costs, affirming the Adjudicating Authority's decision. en-us Fri, 06 Sep 2019 00:00:00 +0530 Fri, 08 Nov 2024 13:25:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=387877 The NCLT concluded that the Adjudicating Authority has the power to restore a company's name for initiating the Corporate Insolvency Resolution Process (CIRP) under Sections 7 and 9 of the I&B Code, even if the company's name was previously struck off. The application under Section 9 was deemed maintainable, leading to the dismissal of the appeal challenging the order of admission dated 10th April 2019. The Tribunal found no merit in the appeal and dismissed it without costs, affirming the Adjudicating Authority's decision. Case-Laws IBC Fri, 06 Sep 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=387877