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    <title>2025 (9) TMI 410 - NATIONAL COMPANY LAW APPELLATE TRIBUNAL PRINCIPAL BENCH, NEW DELHI (LB)</title>
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    <description>NCLAT (PB) dismissed the appeal and related IA, holding the section 7 appeal filed only by the corporate debtor was not maintainable and there was no material before the Adjudicating Authority proving any financial debt owed by the corporate debtor. Reliance was placed on Innoventive and related NCLAT precedents that bar such appeals by the company alone. The belated application to amend and substitute representation through a suspended director was refused as improperly pleaded and filed after substantial delay.</description>
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    <pubDate>Fri, 29 Aug 2025 00:00:00 +0530</pubDate>
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      <description>NCLAT (PB) dismissed the appeal and related IA, holding the section 7 appeal filed only by the corporate debtor was not maintainable and there was no material before the Adjudicating Authority proving any financial debt owed by the corporate debtor. Reliance was placed on Innoventive and related NCLAT precedents that bar such appeals by the company alone. The belated application to amend and substitute representation through a suspended director was refused as improperly pleaded and filed after substantial delay.</description>
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