https://www.taxtmi.com/caselaws?id=287066 The Appellate Tribunal found that the Adjudicating Authority erred in admitting the application under Section 9 of the Insolvency and Bankruptcy Code without issuing notice to the Corporate Debtor. It was established that there was a pre-existing dispute between the parties, which was not disclosed by the Operational Creditor. The failure to issue notice violated principles of natural justice. Consequently, the impugned order was set aside, and all actions taken by the Interim Resolution Professional were declared illegal. The Corporate Debtor was released from legal constraints, and the appeal was allowed without costs. en-us Thu, 24 Jan 2019 00:00:00 +0530 Fri, 27 Mar 2020 09:49:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=287066 The Appellate Tribunal found that the Adjudicating Authority erred in admitting the application under Section 9 of the Insolvency and Bankruptcy Code without issuing notice to the Corporate Debtor. It was established that there was a pre-existing dispute between the parties, which was not disclosed by the Operational Creditor. The failure to issue notice violated principles of natural justice. Consequently, the impugned order was set aside, and all actions taken by the Interim Resolution Professional were declared illegal. The Corporate Debtor was released from legal constraints, and the appeal was allowed without costs. Case-Laws Insolvency and Bankruptcy Thu, 24 Jan 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=287066