https://www.taxtmi.com/caselaws?id=294023 The appeal was withdrawn and dismissed, with the tribunal noting that the corporate debtor's challenge was otherwise not maintainable in light of the precedent relied on. Separately, the adjudicating authority was reminded of the statutory mandate under Section 7(4) to ascertain default and then admit or reject the insolvency application within the prescribed time. The matter was remitted for fresh consideration, with a direction to decide the Section 7 application on merits, in accordance with law, as expeditiously as possible. en-us Wed, 04 Nov 2020 00:00:00 +0530 Tue, 16 Mar 2021 08:44:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=294023 The appeal was withdrawn and dismissed, with the tribunal noting that the corporate debtor's challenge was otherwise not maintainable in light of the precedent relied on. Separately, the adjudicating authority was reminded of the statutory mandate under Section 7(4) to ascertain default and then admit or reject the insolvency application within the prescribed time. The matter was remitted for fresh consideration, with a direction to decide the Section 7 application on merits, in accordance with law, as expeditiously as possible. Case-Laws Insolvency and Bankruptcy Wed, 04 Nov 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=294023