https://www.taxtmi.com/caselaws?id=467565 A threshold dismissal of a section 9 insolvency application without a reasoned order and without giving the respondent an opportunity to file a reply was held to be contrary to natural justice. In the absence of any special procedural dispensation under the Insolvency and Bankruptcy Code, adjudication must record reasons and consider rival contentions before deciding contested issues, including liability to pay interest and its effect on the debt threshold. The impugned order was set aside and the matter remanded to the Adjudicating Authority for restoration of the petition and fresh decision after allowing reply and rejoinder. en-us Fri, 30 Sep 2022 00:00:00 +0530 Tue, 24 Mar 2026 15:54:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=467565 A threshold dismissal of a section 9 insolvency application without a reasoned order and without giving the respondent an opportunity to file a reply was held to be contrary to natural justice. In the absence of any special procedural dispensation under the Insolvency and Bankruptcy Code, adjudication must record reasons and consider rival contentions before deciding contested issues, including liability to pay interest and its effect on the debt threshold. The impugned order was set aside and the matter remanded to the Adjudicating Authority for restoration of the petition and fresh decision after allowing reply and rejoinder. Case-Laws IBC Fri, 30 Sep 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=467565