https://www.taxtmi.com/caselaws?id=445216 Belated objections raised after final arguments and reservation of orders were properly rejected because the grounds were already available earlier, and reopening the matter would offend procedural propriety. The tribunal treated hearing and pronouncement as a continuous stage and found no basis to permit rehearing. The Section 7 insolvency application was sustained because the corporate debtor had acknowledged the debt, addressed the settlement proposal to the assignee, and reflected the liability in its balance sheets. Technical objections on locus, assignment, stamping, and limitation were rejected as belated and unsupported, since debt, default, and acknowledgment within limitation were established on the record. en-us Wed, 01 Nov 2023 00:00:00 +0530 Fri, 03 Nov 2023 12:59:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=445216 Belated objections raised after final arguments and reservation of orders were properly rejected because the grounds were already available earlier, and reopening the matter would offend procedural propriety. The tribunal treated hearing and pronouncement as a continuous stage and found no basis to permit rehearing. The Section 7 insolvency application was sustained because the corporate debtor had acknowledged the debt, addressed the settlement proposal to the assignee, and reflected the liability in its balance sheets. Technical objections on locus, assignment, stamping, and limitation were rejected as belated and unsupported, since debt, default, and acknowledgment within limitation were established on the record. Case-Laws Insolvency and Bankruptcy Wed, 01 Nov 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=445216