Tribunal Cannot Reject Insolvency Petition Due to Insufficient Stamping; Petitioner Liable for Adverse Stamp Duty Orders.

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Full Text of the Document

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....Initiate insolvency resolution process against the respondent-corporate debtor - the document of assignment cannot be rejected by this Tribunal while disposing of the instant petition on the ground of being insufficiently stamped though the petitioner would be bound by the consequences if any adverse order on changing of stamp duty comes into play. - Tri....