2021 (6) TMI 1182 - SCH - IBC

Corporate Debtor s right to file reply has been closed - no opportunity of hearing was provided to him - violation of principles of natural justice - It was held by CESTAT that Granting the Appellant s request for further delay would contravene the legal mandate and the objectives of the I B Code particularly the timely completion of the Corporate Insolvency Resolution Process (CIRP). HELD THAT - It is not required to interfere with the impugned order passed by the Tribunal. The civil appeal is accordingly dismissed.

Summary

In the Supreme Court case presided over by Justices Rohinton Fali Nariman, K.M. Joseph, and B.R. Gavai, the Court, after hearing arguments from both parties, decided not to interfere with the order passed by the Tribunal. Consequently, the civil appeal was dismissed. Additionally, any pending interlocutory applications were disposed of.