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2020 (8) TMI 868 - AT - Insolvency and BankruptcyMaintainability of application - it is submitted that Adjudicating Authority should have rejected the application under Section 9 if there was no material to substantiate the allegations in respect to debt and default and it was impermissible for Adjudicating Authority to direct the Appellant to file Profit and Loss Account and Balance Sheet of the company for the year 2011-12 to till date. HELD THAT - Issue notice upon Respondent. Appellant to provide mobile Nos./e-mail address of the Respondent. Notice be issued through e-mail or any other available mode. Requisites along with process fee be filed within two days. List the appeal for admission (after notice) on 27th August, 2020.
The Appellate Tribunal found the impugned order unsustainable and issued notice to the Respondent. The Appellant's request to stay the order was granted until the next hearing scheduled for 27th August, 2020.
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