2018 (5) TMI 1997

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..... ittedly, we find that on the technical ground i.e. the application is defective, the Adjudicating Authority has rejected the application under Section 7 of the I B Code. Therefore, we cannot appreciate the impugned order, as before rejecting the application the Adjudicating Authority was required to give an opportunity to the Appellant to rectify the defect. Further, in a petition under Section .....

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..... al has been preferred by the Appellants against an order dated 15th February, 2018 passed by the Adjudicating Authority (National Company Law Tribunal), Mumbai Bench, Mumbai in C.P. No. 1331/I BP/2017. By the impugned order, the joint application has been preferred by the Appellants (Financial Creditors) under Section 7 of the Insolvency and Bankruptcy Code, 2016 (hereinafter referred to as I B Co .....

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..... impugned order, as before rejecting the application the Adjudicating Authority was required to give an opportunity to the Appellant to rectify the defect. 4. Further, in a petition under Section 7 of the I B Code, the Adjudicating Authority is required to decide whether the Form 1 along with documents is complete or not. The Adjudicating Authority is not required to decide as to what is the act .....

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