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    <description>The SC reviewed IBC proceedings involving a Section 9 application and related punitive proceedings. The Tribunal&#039;s non-speaking orders dismissing the applications were set aside due to mechanical reliance on prior unrelated cases without examining specific facts. The Court mandated fresh adjudication, emphasizing that each IBC application must be independently assessed on its merits, with reasoned orders addressing substantive evidence and legal contentions.</description>
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