https://www.taxtmi.com/caselaws?id=777291 The appellate tribunal held that dismissal of the Section 7 application could not be sustained because the adjudicating authority had not examined the factoring agreement, deed of assignment, demand notice, payment schedule and alleged acknowledgment of liability, all of which were central to maintainability and liability. It found that reliance only on the recourse basis of the factoring arrangement and RBI exposure norms was insufficient without considering the operative contractual clauses and supporting records. The dismissal order was set aside, and the Section 7 petition was restored for fresh decision on the materials on record. en-us Thu, 07 Aug 2025 00:00:00 +0530 Wed, 27 Aug 2025 17:59:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=777291 The appellate tribunal held that dismissal of the Section 7 application could not be sustained because the adjudicating authority had not examined the factoring agreement, deed of assignment, demand notice, payment schedule and alleged acknowledgment of liability, all of which were central to maintainability and liability. It found that reliance only on the recourse basis of the factoring arrangement and RBI exposure norms was insufficient without considering the operative contractual clauses and supporting records. The dismissal order was set aside, and the Section 7 petition was restored for fresh decision on the materials on record. Case-Laws IBC Thu, 07 Aug 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=777291