https://www.taxtmi.com/caselaws?id=765725 The NCLAT dismissed the appeal challenging admission of application under Section 7 of IBC, 2016. The Corporate Debtor argued improper service of notice through newspaper publications in Kolkata editions not readily available at its Jalpaiguri registered office. The NCLAT held that advance notice was properly served via Speed Post and email, and the Corporate Debtor never denied liability. The debt and default were recorded with Information Utility (NeSL) with no response from Corporate Debtor. All requirements for Section 7 admission were satisfied including debt existence, default, and timely filing within limitation period. en-us Thu, 06 Feb 2025 00:00:00 +0530 Sat, 08 Feb 2025 09:12:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=765725 The NCLAT dismissed the appeal challenging admission of application under Section 7 of IBC, 2016. The Corporate Debtor argued improper service of notice through newspaper publications in Kolkata editions not readily available at its Jalpaiguri registered office. The NCLAT held that advance notice was properly served via Speed Post and email, and the Corporate Debtor never denied liability. The debt and default were recorded with Information Utility (NeSL) with no response from Corporate Debtor. All requirements for Section 7 admission were satisfied including debt existence, default, and timely filing within limitation period. Case-Laws IBC Thu, 06 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=765725