https://www.taxtmi.com/highlights?id=67455 Initition of CIRP - Ex-parte order - Corporate Debtor could not appear before the NCLT - in the instant case on hand, there is overwhelming evidence of Debt Due, payable in Fact and in Law, and Default, the Adjudicating Authority, had exercised its subjective discretion in a sound, judicious and right thinking manner, and accordingly Admitted the application, filed by the 1st Respondent / Bank(Financial Creditor), which requires no interference, in the hands of this Tribunal, sitting in Appeal. Consequently, the Appeal fails. - AT en-us Tue, 03 Jan 2023 08:22:09 +0530 Tue, 03 Jan 2023 08:22:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=67455 Initition of CIRP - Ex-parte order - Corporate Debtor could not appear before the NCLT - in the instant case on hand, there is overwhelming evidence of Debt Due, payable in Fact and in Law, and Default, the Adjudicating Authority, had exercised its subjective discretion in a sound, judicious and right thinking manner, and accordingly Admitted the application, filed by the 1st Respondent / Bank(Financial Creditor), which requires no interference, in the hands of this Tribunal, sitting in Appeal. Consequently, the Appeal fails. - AT Highlights Insolvency and Bankruptcy Tue, 03 Jan 2023 08:22:09 +0530 https://www.taxtmi.com/highlights?id=67455