https://www.taxtmi.com/caselaws?id=303995 In a summary insolvency proceeding under the Insolvency and Bankruptcy Code, the Adjudicating Authority's role at admission is confined to checking whether the material placed before it shows debt and default. It cannot compel the corporate debtor to file affidavits or produce financial records to help the operational creditor prove its claim. The operational creditor must establish its own case on the basis of evidence it adduced, and a request to obtain documents from the opposite party was held to be beyond the tribunal's limited jurisdiction in a section 9 proceeding. The request was therefore rejected and the application dismissed. en-us Tue, 24 May 2022 00:00:00 +0530 Wed, 31 Aug 2022 05:44:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=303995 In a summary insolvency proceeding under the Insolvency and Bankruptcy Code, the Adjudicating Authority's role at admission is confined to checking whether the material placed before it shows debt and default. It cannot compel the corporate debtor to file affidavits or produce financial records to help the operational creditor prove its claim. The operational creditor must establish its own case on the basis of evidence it adduced, and a request to obtain documents from the opposite party was held to be beyond the tribunal's limited jurisdiction in a section 9 proceeding. The request was therefore rejected and the application dismissed. Case-Laws Insolvency and Bankruptcy Tue, 24 May 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=303995