Adequate notice given, appellant's absence unjustified. Debt & default proven per IBC. No violation of natural justice. Rightful CIRP initiation.

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....Adequate notice provided to appellant, failed to appear despite multiple opportunities. Demise explanation lacks merit, directors could have pursued matter. No violation of natural justice principles. Debt and default established as per Section 7 IBC requirements. Default amount exceeded Rs. 1 crore threshold u/s 4. Adjudicating Authority rightly admitted Section 7 application, initiated CIRP. No error in impugned order. Appeal dismissed.....