https://www.taxtmi.com/caselaws?id=781061 NCLAT allowed the appeal, set aside the impugned order and remitted the Section 7 petition to the Adjudicating Authority for fresh consideration. The tribunal held there was debt and default on redemption of debentures and directed the Adjudicating Authority to apply the SC's directive on project-specific resolution, examine status of the other projects and various intervention applications, and consider the petition afresh in light of the status report. The corporate debtor was granted one week to file a detailed reply and to place the status report and additional affidavit before the Adjudicating Authority. en-us Thu, 06 Nov 2025 00:00:00 +0530 Tue, 11 Nov 2025 08:20:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=781061 NCLAT allowed the appeal, set aside the impugned order and remitted the Section 7 petition to the Adjudicating Authority for fresh consideration. The tribunal held there was debt and default on redemption of debentures and directed the Adjudicating Authority to apply the SC's directive on project-specific resolution, examine status of the other projects and various intervention applications, and consider the petition afresh in light of the status report. The corporate debtor was granted one week to file a detailed reply and to place the status report and additional affidavit before the Adjudicating Authority. Case-Laws IBC Thu, 06 Nov 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=781061