https://www.taxtmi.com/caselaws?id=308014 The National Company Law Appellate Tribunal allowed the appeal in a case involving an application under Section 7 of the Insolvency and Bankruptcy Code, 2016. The Tribunal held that there was no requirement for the intervention of Directors or shareholders of the Financial Creditor before the admission of the application. The impugned order was set aside, and the Financial Creditor and Corporate Debtor were directed to appear before the Adjudicating Authority for further proceedings. The Tribunal emphasized adherence to the procedural requirements outlined in the law and allowed the appeal with these observations. en-us Fri, 16 Aug 2019 00:00:00 +0530 Tue, 23 May 2023 21:45:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=308014 The National Company Law Appellate Tribunal allowed the appeal in a case involving an application under Section 7 of the Insolvency and Bankruptcy Code, 2016. The Tribunal held that there was no requirement for the intervention of Directors or shareholders of the Financial Creditor before the admission of the application. The impugned order was set aside, and the Financial Creditor and Corporate Debtor were directed to appear before the Adjudicating Authority for further proceedings. The Tribunal emphasized adherence to the procedural requirements outlined in the law and allowed the appeal with these observations. Case-Laws Insolvency and Bankruptcy Fri, 16 Aug 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=308014