https://www.taxtmi.com/caselaws?id=795313 Adequate repeated opportunities to file pleadings, written submissions and make oral arguments satisfy natural justice; closure of oral submissions after non-utilisation does not make an insolvency adjudication ex parte. A compromise or arrangement proposal remains non-binding until lawfully approved, and unsuccessful settlement negotiations do not require postponement of an insolvency application. Where financial debt, default and a complete application are established, undecided counterclaims, asserted receivables, prospective arbitral recoveries, commercial viability and business hardship do not displace the statutory insolvency process. The notes state that admission to the corporate insolvency resolution process is sustainable in these circumstances. en-us Fri, 17 Jul 2026 00:00:00 +0530 Tue, 21 Jul 2026 08:32:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=795313 Adequate repeated opportunities to file pleadings, written submissions and make oral arguments satisfy natural justice; closure of oral submissions after non-utilisation does not make an insolvency adjudication ex parte. A compromise or arrangement proposal remains non-binding until lawfully approved, and unsuccessful settlement negotiations do not require postponement of an insolvency application. Where financial debt, default and a complete application are established, undecided counterclaims, asserted receivables, prospective arbitral recoveries, commercial viability and business hardship do not displace the statutory insolvency process. The notes state that admission to the corporate insolvency resolution process is sustainable in these circumstances. Case-Laws IBC Fri, 17 Jul 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=795313