https://www.taxtmi.com/caselaws?id=291422 The Adjudicating Authority allowed the application to reopen a company petition for further hearing, emphasizing natural justice principles. However, impleadment of guarantors was rejected based on IB Code provisions and NCLAT judgments. The dismissal of the petition under Section 7 of the IBC and penalty imposition were not considered due to the rejection of impleadment. The request to de-merge a successful project was also denied for the same reason. The legal implications of impleading third parties were discussed, with the impleadment application ultimately rejected based on established legal principles and precedents. en-us Thu, 05 Sep 2019 00:00:00 +0530 Mon, 09 Nov 2020 19:53:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=291422 The Adjudicating Authority allowed the application to reopen a company petition for further hearing, emphasizing natural justice principles. However, impleadment of guarantors was rejected based on IB Code provisions and NCLAT judgments. The dismissal of the petition under Section 7 of the IBC and penalty imposition were not considered due to the rejection of impleadment. The request to de-merge a successful project was also denied for the same reason. The legal implications of impleading third parties were discussed, with the impleadment application ultimately rejected based on established legal principles and precedents. Case-Laws Insolvency and Bankruptcy Thu, 05 Sep 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=291422