https://www.taxtmi.com/caselaws?id=313177 The NCLAT dismissed the appeal, upholding the Kolkata Bench's decision to restore the petition under section 9 of the IBC. The Adjudicating Authority acted within its jurisdiction under Rule 11 of the NCLT Rules, 2016, and confirmed that a Demand Notice was properly issued under section 8(1). The Tribunal emphasized procedural fairness, ensuring notice and hearing for the Corporate Debtor before proceeding further, thereby affirming the legality of the restoration order and the adherence to due process. en-us Thu, 04 Jul 2019 00:00:00 +0530 Thu, 28 Mar 2024 19:49:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=313177 The NCLAT dismissed the appeal, upholding the Kolkata Bench's decision to restore the petition under section 9 of the IBC. The Adjudicating Authority acted within its jurisdiction under Rule 11 of the NCLT Rules, 2016, and confirmed that a Demand Notice was properly issued under section 8(1). The Tribunal emphasized procedural fairness, ensuring notice and hearing for the Corporate Debtor before proceeding further, thereby affirming the legality of the restoration order and the adherence to due process. Case-Laws Insolvency and Bankruptcy Thu, 04 Jul 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=313177