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    <title>2023 (5) TMI 1245 - NATIONAL COMPANY LAW APPELLATE TRIBUNAL, CHENNAI</title>
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    <description>Maintainability of an insolvency application is examined with reference to Section 10(A) and the question of date of default; the tribunal found prima facie merit in the appellants challenge and issued notice to respondents, directing deposit of process fee for service, and stayed operation of the impugned order pending the next hearing. The practical effects are a provisional suspension of the impugned order and initiation of notice/service procedures, while the substantive maintainability and determination of date of default remain to be finally adjudicated.</description>
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