https://www.taxtmi.com/caselaws?id=437001 The Appellate Tribunal considered whether a Section 7 application could be admitted ex parte after the Corporate Debtor had earlier appeared and been given time to file a reply. It distinguished the precedent relied on by the appellant because, unlike that case, an opportunity had already been granted. However, as the order was passed ex parte and the Corporate Debtor's grievances and later facts on the loan transaction were not placed before the Adjudicating Authority, the Tribunal found it appropriate, in the interests of justice, to allow one further opportunity to file a reply on costs and have the matter heard afresh. The ex parte admission order was set aside. en-us Fri, 21 Apr 2023 00:00:00 +0530 Tue, 25 Apr 2023 16:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=437001 The Appellate Tribunal considered whether a Section 7 application could be admitted ex parte after the Corporate Debtor had earlier appeared and been given time to file a reply. It distinguished the precedent relied on by the appellant because, unlike that case, an opportunity had already been granted. However, as the order was passed ex parte and the Corporate Debtor's grievances and later facts on the loan transaction were not placed before the Adjudicating Authority, the Tribunal found it appropriate, in the interests of justice, to allow one further opportunity to file a reply on costs and have the matter heard afresh. The ex parte admission order was set aside. Case-Laws Insolvency and Bankruptcy Fri, 21 Apr 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=437001