https://www.taxtmi.com/caselaws?id=394243 The Adjudicating Authority admitted the Financial Creditor's Application under section 7 of the Insolvency and Bankruptcy Code, 2016 without allowing the Corporate Debtor to present arguments. The Appeal, raised by a Shareholder/Director of the Corporate Debtor, contested this lack of opportunity. Despite disputes over the authorized representative's power, non-compliance with bankruptcy rules, and alleged payment issues, the court found the default amount substantial and upheld the admission order. The Appeal was dismissed, with costs not awarded. en-us Mon, 18 Nov 2019 00:00:00 +0530 Mon, 06 Apr 2020 12:19:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=394243 The Adjudicating Authority admitted the Financial Creditor's Application under section 7 of the Insolvency and Bankruptcy Code, 2016 without allowing the Corporate Debtor to present arguments. The Appeal, raised by a Shareholder/Director of the Corporate Debtor, contested this lack of opportunity. Despite disputes over the authorized representative's power, non-compliance with bankruptcy rules, and alleged payment issues, the court found the default amount substantial and upheld the admission order. The Appeal was dismissed, with costs not awarded. Case-Laws Insolvency and Bankruptcy Mon, 18 Nov 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=394243