https://www.taxtmi.com/caselaws?id=422151 The Tribunal dismissed the appeal, upholding the Adjudicating Authority's orders. It found that the Corporate Debtor waived its right to challenge jurisdiction by submitting to the NCLT's jurisdiction. The Tribunal ruled that the principles of natural justice were followed in serving notice and the Corporate Debtor had sufficient opportunity to respond. Additionally, it emphasized the necessity for parties to establish cause for non-appearance and confirmed that the Adjudicating Authority cannot recall a final order. The Tribunal concluded that all procedural requirements under the IBC, 2016 were met, and no injustice occurred. en-us Wed, 04 May 2022 00:00:00 +0530 Tue, 10 May 2022 18:18:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=422151 The Tribunal dismissed the appeal, upholding the Adjudicating Authority's orders. It found that the Corporate Debtor waived its right to challenge jurisdiction by submitting to the NCLT's jurisdiction. The Tribunal ruled that the principles of natural justice were followed in serving notice and the Corporate Debtor had sufficient opportunity to respond. Additionally, it emphasized the necessity for parties to establish cause for non-appearance and confirmed that the Adjudicating Authority cannot recall a final order. The Tribunal concluded that all procedural requirements under the IBC, 2016 were met, and no injustice occurred. Case-Laws Insolvency and Bankruptcy Wed, 04 May 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=422151