Authority Admits Section 7 Application for CIRP; Corporate Debtor Forfeits Right to Respond by Inaction.

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....Admitting Section 7 application - Initiation of CIRP - where the Corporate Debtor did not file any reply and also did not file application for recall of order dated 23.11.2021 forfeiting right to file reply, the Adjudicating Authority did not commit any error in admitting Section 7 application.- AT....