https://www.taxtmi.com/caselaws?id=398724 The Appellate Tribunal dismissed the Company Appeal challenging the order admitting the application under Section 7 of the Insolvency and Bankruptcy Code. It held that the application was maintainable despite a winding-up petition against the Corporate Debtor being admitted by the Bombay High Court. The judgment clarified the interpretation of the 'Forech India Ltd.' case, emphasizing the independence of the Section 7 application. Various rectification requests were addressed, and the scope of Rule 11's inherent powers was discussed, highlighting limitations on revisiting factual findings. The Tribunal focused on ensuring justice without revisiting factual determinations. en-us Mon, 21 Sep 2020 00:00:00 +0530 Wed, 23 Sep 2020 15:50:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=398724 The Appellate Tribunal dismissed the Company Appeal challenging the order admitting the application under Section 7 of the Insolvency and Bankruptcy Code. It held that the application was maintainable despite a winding-up petition against the Corporate Debtor being admitted by the Bombay High Court. The judgment clarified the interpretation of the 'Forech India Ltd.' case, emphasizing the independence of the Section 7 application. Various rectification requests were addressed, and the scope of Rule 11's inherent powers was discussed, highlighting limitations on revisiting factual findings. The Tribunal focused on ensuring justice without revisiting factual determinations. Case-Laws Insolvency and Bankruptcy Mon, 21 Sep 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=398724