https://www.taxtmi.com/caselaws?id=432310 The Tribunal dismissed the appeal and upheld the Adjudicating Authority's decision to admit the insolvency application under Section 7 of the Insolvency and Bankruptcy Code, 2016. The Tribunal found that the Adjudicating Authority had provided adequate opportunity to the corporate debtor and followed procedural rules and principles of natural justice. It emphasized the necessity of demonstrating default for admitting such applications. en-us Mon, 02 Jan 2023 00:00:00 +0530 Mon, 02 Jan 2023 21:48:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=432310 The Tribunal dismissed the appeal and upheld the Adjudicating Authority's decision to admit the insolvency application under Section 7 of the Insolvency and Bankruptcy Code, 2016. The Tribunal found that the Adjudicating Authority had provided adequate opportunity to the corporate debtor and followed procedural rules and principles of natural justice. It emphasized the necessity of demonstrating default for admitting such applications. Case-Laws Insolvency and Bankruptcy Mon, 02 Jan 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=432310