Principle

Adjudicating Authority must only see whether default has occurred. Moment a default occurs, application under Section 7 must be admitted; speed is essence; directors powers suspended.

Connected provisions and cases

• interpretsThe Insolvency and Bankruptcy Code, 2016. · Section 7

Judgment text

Full judgment text is not available in this record.

Principle

Adjudicating Authority must only see whether default has occurred. Moment a default occurs, application under Section 7 must be admitted; speed is essence; directors powers suspended.

Connected provisions and cases

• interpretsThe Insolvency and Bankruptcy Code, 2016. · Section 7

Judgment text

Full judgment text is not available in this record.