https://www.taxtmi.com/caselaws?id=297137 The Appellate Tribunal allowed the appeal filed by M/s. Ludhiana Scrips Private Limited against the rejection of Section 7 proceedings under the Insolvency and Bankruptcy Code, 2016 by the Adjudicating Authority. The Tribunal held that the subsequent agreement dated 15th June, 2018 clarified the debt owed by the Respondent, criticizing the Authority for not considering it. The Impugned Order was set aside, and the matter was remitted back to the Authority for further proceedings under the I&B Code, allowing the appeal with specific directions. en-us Thu, 02 May 2019 00:00:00 +0530 Sat, 21 Aug 2021 08:31:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=297137 The Appellate Tribunal allowed the appeal filed by M/s. Ludhiana Scrips Private Limited against the rejection of Section 7 proceedings under the Insolvency and Bankruptcy Code, 2016 by the Adjudicating Authority. The Tribunal held that the subsequent agreement dated 15th June, 2018 clarified the debt owed by the Respondent, criticizing the Authority for not considering it. The Impugned Order was set aside, and the matter was remitted back to the Authority for further proceedings under the I&B Code, allowing the appeal with specific directions. Case-Laws Insolvency and Bankruptcy Thu, 02 May 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=297137