https://www.taxtmi.com/caselaws?id=752575 The NCLAT set aside the Adjudicating Authority's order dated 06.10.2023 for violating principles of natural justice. The Authority allowed an application without issuing notice, calling for replies, or providing hearing opportunities on grounds not originally pleaded. The Authority exceeded jurisdiction under Section 31(2) of the Code by remitting an approved resolution plan for reconsideration without establishing non-compliance with Code requirements. The matter was remanded to the Adjudicating Authority for fresh consideration following proper procedures. en-us Fri, 10 May 2024 00:00:00 +0530 Mon, 13 May 2024 12:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=752575 The NCLAT set aside the Adjudicating Authority's order dated 06.10.2023 for violating principles of natural justice. The Authority allowed an application without issuing notice, calling for replies, or providing hearing opportunities on grounds not originally pleaded. The Authority exceeded jurisdiction under Section 31(2) of the Code by remitting an approved resolution plan for reconsideration without establishing non-compliance with Code requirements. The matter was remanded to the Adjudicating Authority for fresh consideration following proper procedures. Case-Laws Insolvency and Bankruptcy Fri, 10 May 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=752575