https://www.taxtmi.com/acts?id=54061 A corporate debtor may object to the commencement of a creditor-initiated insolvency resolution process by applying to the Adjudicating Authority within thirty days from the creditor-initiated insolvency commencement date, in the prescribed form, manner, and fee. The objection mechanism is confined to challenges based on absence of default or contravention of the statutory conditions governing initiation of the process. If the Adjudicating Authority is satisfied that no default occurred, or that both no default occurred and the initiation was in contravention of the governing provisions, it may declare the commencement of the process void ab initio. en-us Thu, 09 Apr 2026 10:29:56 +0530 Thu, 09 Apr 2026 16:58:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=54061 A corporate debtor may object to the commencement of a creditor-initiated insolvency resolution process by applying to the Adjudicating Authority within thirty days from the creditor-initiated insolvency commencement date, in the prescribed form, manner, and fee. The objection mechanism is confined to challenges based on absence of default or contravention of the statutory conditions governing initiation of the process. If the Adjudicating Authority is satisfied that no default occurred, or that both no default occurred and the initiation was in contravention of the governing provisions, it may declare the commencement of the process void ab initio. Act-Rules IBC Thu, 09 Apr 2026 10:29:56 +0530 https://www.taxtmi.com/acts?id=54061