https://www.taxtmi.com/caselaws?id=434521 In Section 7 insolvency proceedings, a corporate debtor should be given a fair opportunity to place its reply on record and be heard before any admission order is passed, especially where the record does not show deliberate default or wilful non-defence. The reply had already been filed before the next hearing and remained under scrutiny in the tribunal's system, so procedural fairness required that the defence be considered by the adjudicating authority. The petition was therefore disposed of with directions restoring the debtor's opportunity to contest the insolvency petition before the tribunal. en-us Wed, 22 Feb 2023 00:00:00 +0530 Mon, 27 Feb 2023 08:13:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=434521 In Section 7 insolvency proceedings, a corporate debtor should be given a fair opportunity to place its reply on record and be heard before any admission order is passed, especially where the record does not show deliberate default or wilful non-defence. The reply had already been filed before the next hearing and remained under scrutiny in the tribunal's system, so procedural fairness required that the defence be considered by the adjudicating authority. The petition was therefore disposed of with directions restoring the debtor's opportunity to contest the insolvency petition before the tribunal. Case-Laws Insolvency and Bankruptcy Wed, 22 Feb 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=434521