2019 (7) TMI 1630

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....a), Chairperson (Justice A.I.S. Cheema) Member(Judicial) (Kanthi Narahari) Member(Technical) JUDGMENT DCB Bank Limited- (Financial Creditor) filed application under Section 7 of the Insolvency and Bankruptcy Code, 2016 (I&B Code for short) against M/s. Fort Biotech Private Limited- (Corporate Debtor) which was admitted on 8th March, 2019. 2. Though no petition on behalf of the Corporate D....

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....he Tribunal may, at any time within two years from the date of the order, with a view to rectifying any mistake apparent from the record, amend any order passed by it, and shall make such amendment, if the mistake is brought to its notice by the parties: Provided that no such amendment shall be made in respect of any order against which an appeal has been preferred under this Act. 5. In the pre....

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....red to issue limited notice to the Corporate Debtor before passing any order under Section 7 of the I&B Code. 8. However, it is not in dispute that the Adjudicating Authority issued notice on the Corporate Debtor which was served. In spite of service of notice, the Corporate Debtor had not appeared and thereafter, the Adjudicating Authority had no option but to proceed on merit and pass order w....