https://www.taxtmi.com/caselaws?id=469313 A Section 7 insolvency application cannot be rejected as defective without first giving the applicant an opportunity to cure a curable defect in the supporting affidavit. The Tribunal treated the defect as one of sequencing and verification, noting that the affidavit had been sworn before the petition was signed and notarised, but held that the statutory scheme under Section 7(5)(b) requires notice to rectify defects before rejection. It also referred to the verification requirements in the relevant insolvency and tribunal rules and Order XIX Rule 3 CPC. The dismissal was therefore unsustainable, the order was set aside, and the matter was remanded for decision on merits. en-us Wed, 27 Aug 2025 00:00:00 +0530 Sat, 13 Jun 2026 21:16:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=469313 A Section 7 insolvency application cannot be rejected as defective without first giving the applicant an opportunity to cure a curable defect in the supporting affidavit. The Tribunal treated the defect as one of sequencing and verification, noting that the affidavit had been sworn before the petition was signed and notarised, but held that the statutory scheme under Section 7(5)(b) requires notice to rectify defects before rejection. It also referred to the verification requirements in the relevant insolvency and tribunal rules and Order XIX Rule 3 CPC. The dismissal was therefore unsustainable, the order was set aside, and the matter was remanded for decision on merits. Case-Laws IBC Wed, 27 Aug 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=469313