https://www.taxtmi.com/caselaws?id=309598 The Adjudicating Authority upheld the decision to admit the Application under Section 7 of the Insolvency and Bankruptcy Code. The Authority found that the Petitioner Bank complied with statutory requirements, including submitting necessary documents supported by a Certificate under the Bankers Book of Evidence Act, 1891, demonstrating the debt due and defaulted by the Corporate Debtor. Despite challenges raised regarding certification, verification, evidence admissibility, and disputed amounts, the Authority emphasized the criteria outlined in the IBC for admission, ultimately dismissing the Appeal with no costs awarded. en-us Tue, 02 Mar 2021 00:00:00 +0530 Tue, 12 Sep 2023 22:28:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=309598 The Adjudicating Authority upheld the decision to admit the Application under Section 7 of the Insolvency and Bankruptcy Code. The Authority found that the Petitioner Bank complied with statutory requirements, including submitting necessary documents supported by a Certificate under the Bankers Book of Evidence Act, 1891, demonstrating the debt due and defaulted by the Corporate Debtor. Despite challenges raised regarding certification, verification, evidence admissibility, and disputed amounts, the Authority emphasized the criteria outlined in the IBC for admission, ultimately dismissing the Appeal with no costs awarded. Case-Laws Insolvency and Bankruptcy Tue, 02 Mar 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=309598