https://www.taxtmi.com/caselaws?id=302658 The Tribunal dismissed the appeal against the Order allowing the modification to accept a late Reply from the Corporate Debtor in an insolvency matter. Despite the initial closure of the right to file a Reply, the Tribunal found that the Adjudicating Authority properly exercised its inherent power under Rule 11 of the NCLT Rules to accept the Reply. The presence of the Corporate Debtor's Reply on record was deemed beneficial for addressing the issues raised by the Financial Creditor representing the Home Buyer Association, leading to the dismissal of the Appeal. en-us Wed, 16 Mar 2022 00:00:00 +0530 Thu, 09 Jun 2022 21:26:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=302658 The Tribunal dismissed the appeal against the Order allowing the modification to accept a late Reply from the Corporate Debtor in an insolvency matter. Despite the initial closure of the right to file a Reply, the Tribunal found that the Adjudicating Authority properly exercised its inherent power under Rule 11 of the NCLT Rules to accept the Reply. The presence of the Corporate Debtor's Reply on record was deemed beneficial for addressing the issues raised by the Financial Creditor representing the Home Buyer Association, leading to the dismissal of the Appeal. Case-Laws Insolvency and Bankruptcy Wed, 16 Mar 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=302658