2018 (10) TMI 1676 - AT - Insolvency and Bankruptcy

Principles of Natural Justice - Section 7 of I B Code - it was contended that the matter was heard by the Adjudicating Authority (National Company Law Tribunal), Ahmedabad Bench, Ahmedabad and order was reserved, but even after eleven months of filing, no order has been passed by the Adjudicating Authority Ahmedabad Bench - HELD THAT - While we do not intend to express any opinion, we direct the Adjudicating Authority (National Company Law Tribunal), Ahmedabad Bench to pass appropriate order in the petition filed under Section 7 by the Appellant on an early date, preferable within two weeks - Appeal disposed off.

Summary

The Appellate Tribunal directed the Adjudicating Authority (National Company Law Tribunal), Ahmedabad Bench to pass an appropriate order on the petition filed under Section 7 within two weeks. The appeal was disposed of with this direction. The order was to be communicated to the Hon'ble President, NCLT, New Delhi.