https://www.taxtmi.com/highlights?id=72877 Validity of order if Initiation of CIRP - After the final hearing of the matter, ITAT reserved the order for passing - Thereafter, appellant prayed for recall the reserved order and re-hear the matter on the basis of new facts - Since in the facts of the present case, a debt has arisen which is due and payable by the Corporate Debtor and a default has occurred, admission of Section 7 application cannot be obfuscated by raising technical pleas and that too after hearing in the main petition stood concluded and matter was reserved for hearing. - Appeal dismissed - AT en-us Fri, 03 Nov 2023 13:03:20 +0530 Fri, 03 Nov 2023 13:03:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=72877 Validity of order if Initiation of CIRP - After the final hearing of the matter, ITAT reserved the order for passing - Thereafter, appellant prayed for recall the reserved order and re-hear the matter on the basis of new facts - Since in the facts of the present case, a debt has arisen which is due and payable by the Corporate Debtor and a default has occurred, admission of Section 7 application cannot be obfuscated by raising technical pleas and that too after hearing in the main petition stood concluded and matter was reserved for hearing. - Appeal dismissed - AT Highlights Insolvency and Bankruptcy Fri, 03 Nov 2023 13:03:20 +0530 https://www.taxtmi.com/highlights?id=72877