https://www.taxtmi.com/caselaws?id=306129 The Appellate Tribunal set aside the order admitting the Section 7 Application due to the virtually ex-parte nature of the proceedings. The Corporate Debtor was granted one week to file a reply, with the Financial Creditor allowed to file a rejoinder thereafter. The Tribunal directed the Adjudicating Authority to address the amount deposited by the Financial Creditor and allowed the parties to apply for a new date for proceedings. The Appellant's counsel was ordered to pay a cost of Rs. 10,000 to the Financial Creditor within one week. The appeal was disposed of by the Tribunal. en-us Fri, 20 May 2022 00:00:00 +0530 Wed, 11 Jan 2023 20:37:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=306129 The Appellate Tribunal set aside the order admitting the Section 7 Application due to the virtually ex-parte nature of the proceedings. The Corporate Debtor was granted one week to file a reply, with the Financial Creditor allowed to file a rejoinder thereafter. The Tribunal directed the Adjudicating Authority to address the amount deposited by the Financial Creditor and allowed the parties to apply for a new date for proceedings. The Appellant's counsel was ordered to pay a cost of Rs. 10,000 to the Financial Creditor within one week. The appeal was disposed of by the Tribunal. Case-Laws Insolvency and Bankruptcy Fri, 20 May 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=306129