https://www.taxtmi.com/caselaws?id=410966 The Tribunal dismissed the Appeal filed by the Appellant Promoter and Director of the Corporate Debtor against the admission of the Application under Section 7 of the Insolvency and Bankruptcy Code, 2016. The Tribunal found no substantial grounds to admit the Appeal, despite arguments related to suppressed facts, discrepancies in recording the date of default and NPA, time-barred debt, and alleged violations of Principles of Natural Justice in the ex-parte proceedings. The Corporate Debtor's claim of inability to appear due to COVID-related reasons was considered but did not sway the Tribunal's decision. en-us Wed, 11 Aug 2021 00:00:00 +0530 Fri, 13 Aug 2021 09:07:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=410966 The Tribunal dismissed the Appeal filed by the Appellant Promoter and Director of the Corporate Debtor against the admission of the Application under Section 7 of the Insolvency and Bankruptcy Code, 2016. The Tribunal found no substantial grounds to admit the Appeal, despite arguments related to suppressed facts, discrepancies in recording the date of default and NPA, time-barred debt, and alleged violations of Principles of Natural Justice in the ex-parte proceedings. The Corporate Debtor's claim of inability to appear due to COVID-related reasons was considered but did not sway the Tribunal's decision. Case-Laws Insolvency and Bankruptcy Wed, 11 Aug 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=410966