https://www.taxtmi.com/caselaws?id=418297 The Appellate Tribunal set aside the orders dated 30.08.2019 and 16.09.2019 passed by the NCLT, Mumbai Bench, in a case involving the admission of a petition under Section 7 of the IBC. The matter was remitted back to the NCLT for a reevaluation, with instructions to hear all parties, including the Appellant and Respondent No. 1, regarding the Interim Resolution Professional's fee and expenses, and to pass appropriate orders within six weeks. The Appellant's contentions regarding denial of opportunity and improper application of relevant provisions were upheld, emphasizing the importance of fair proceedings. en-us Tue, 11 Jan 2022 00:00:00 +0530 Sat, 12 Feb 2022 20:43:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=418297 The Appellate Tribunal set aside the orders dated 30.08.2019 and 16.09.2019 passed by the NCLT, Mumbai Bench, in a case involving the admission of a petition under Section 7 of the IBC. The matter was remitted back to the NCLT for a reevaluation, with instructions to hear all parties, including the Appellant and Respondent No. 1, regarding the Interim Resolution Professional's fee and expenses, and to pass appropriate orders within six weeks. The Appellant's contentions regarding denial of opportunity and improper application of relevant provisions were upheld, emphasizing the importance of fair proceedings. Case-Laws Insolvency and Bankruptcy Tue, 11 Jan 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=418297