Shift from Limited Enquiry to Comprehensive Trial in CIRP Pre-Admission: Adjudicating Authority Must Follow IBC Rules & Timelines.

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Full Text of the Document

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....Pre-admission proceedings - The limited enquiry has been converted into a full dressed trial - Corporate Insolvency Resolution Process is not a recovery proceeding and the Adjudicating Authority has to strictly adhere to the rules of procedure and the timelines set out in the I&B Code - efforts to derail the process should be frustrated....