https://www.taxtmi.com/caselaws?id=433250 The National Company Law Appellate Tribunal upheld the decision of the Adjudicating Authority regarding the maintainability of the application under Section 7 of the I&B Code and the admissibility of the application. The Tribunal dismissed the appeal due to lack of merit, emphasizing the Corporate Debtor's admission of default in payment of interest and the established debt and default, despite the Appellant's arguments. The Tribunal also noted the Appellant's repeated adjournments seeking a One Time Settlement with the Financial Creditor. en-us Mon, 23 Jan 2023 00:00:00 +0530 Wed, 25 Jan 2023 08:30:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=433250 The National Company Law Appellate Tribunal upheld the decision of the Adjudicating Authority regarding the maintainability of the application under Section 7 of the I&B Code and the admissibility of the application. The Tribunal dismissed the appeal due to lack of merit, emphasizing the Corporate Debtor's admission of default in payment of interest and the established debt and default, despite the Appellant's arguments. The Tribunal also noted the Appellant's repeated adjournments seeking a One Time Settlement with the Financial Creditor. Case-Laws Insolvency and Bankruptcy Mon, 23 Jan 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=433250