https://www.taxtmi.com/caselaws?id=407144 The Tribunal set aside the Adjudicating Authority's order in CP (IB) No. 79/BB/2019, allowing the appeal by the Operational Creditor against the Educational Institute. The Tribunal found that the notices were duly served, justifying the ex parte proceeding due to the Respondent's absence. It deemed the Adjudicating Authority's direction to the Registrar of Companies inappropriate and not legally tenable. The Tribunal directed the Adjudicating Authority to restore the petition, admit it under section 9 of the I & B Code, 2016, and proceed lawfully. en-us Fri, 23 Apr 2021 00:00:00 +0530 Sat, 01 May 2021 09:30:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=407144 The Tribunal set aside the Adjudicating Authority's order in CP (IB) No. 79/BB/2019, allowing the appeal by the Operational Creditor against the Educational Institute. The Tribunal found that the notices were duly served, justifying the ex parte proceeding due to the Respondent's absence. It deemed the Adjudicating Authority's direction to the Registrar of Companies inappropriate and not legally tenable. The Tribunal directed the Adjudicating Authority to restore the petition, admit it under section 9 of the I & B Code, 2016, and proceed lawfully. Case-Laws Insolvency and Bankruptcy Fri, 23 Apr 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=407144