2018 (5) TMI 1997

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....al) JUDGMENT S.J. Mukhopadhaya Bansi Lal Bhat This appeal has been preferred by the Appellants against an order dated 15th February, 2018 passed by the Adjudicating Authority (National Company Law Tribunal), Mumbai Bench, Mumbai in C.P. No. 1331/I&BP/2017. By the impugned order, the joint application has been preferred by the Appellants (Financial Creditors) under Section 7 of the Insolvency an....

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.... of the I&B Code. Therefore, we cannot appreciate the impugned order, as before rejecting the application the Adjudicating Authority was required to give an opportunity to the Appellant to rectify the defect. 4. Further, in a petition under Section 7 of the I&B Code, the Adjudicating Authority is required to decide whether the Form 1 along with documents is complete or not. The Adjudicating Autho....