https://www.taxtmi.com/caselaws?id=790933 Where a corporate debtor, after the matter was reserved but before pronouncement, filed a bona fide application offering to deposit the full claimed debt and the adjudicating authority had already issued notice on that application, admission of the Section 7 petition without considering the pending request was improper. The Tribunal distinguished the rule against entertaining fresh applications after reservation because the later application had in fact been taken on record and noticed by the adjudicating authority. It also noted that the facts did not amount to a completed settlement under Section 12A, but to a voluntary deposit offer relevant to maintainability and timing of admission. The admission order was therefore set aside. en-us Thu, 22 Jan 2026 00:00:00 +0530 Mon, 04 May 2026 07:56:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=790933 Where a corporate debtor, after the matter was reserved but before pronouncement, filed a bona fide application offering to deposit the full claimed debt and the adjudicating authority had already issued notice on that application, admission of the Section 7 petition without considering the pending request was improper. The Tribunal distinguished the rule against entertaining fresh applications after reservation because the later application had in fact been taken on record and noticed by the adjudicating authority. It also noted that the facts did not amount to a completed settlement under Section 12A, but to a voluntary deposit offer relevant to maintainability and timing of admission. The admission order was therefore set aside. Case-Laws IBC Thu, 22 Jan 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=790933