9911796707
TMI Blog2021 (2) TMI 1396X X X X Extracts X X X X X X X X Extracts X X X X ..... as been closed - no opportunity of hearing was provided to him - violation of principles of natural justice - HELD THAT:- The mandate of Section 7(5) of the I B Code is loud and clear. The Adjudicating Authority is required to pass an order of admission or rejection qua an application under Section 7 of the I B Code within 14 days of the receipt of application. This mandate cannot be overlooked to ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... r Mishra, Member (Technical) And Dr. Alok Srivastava] Member (Technical) For the Appellant : Mr. Tushar Thareja, Advocate. For the Respondent : Mr. Krishnendu Datta, Mr. Anand M Mishra, Mr. Saurabh Kalia, Advocates. ORDER THROUGH VIRTUAL MODE The only issue raised in this appeal is that the Corporate Debtor s right to file reply has been closed and no opportunity of hearing was provided to him. 2. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... the reply. 4. We are not impressed by this argument. The mandate of Section 7(5) of the I B Code is loud and clear. The Adjudicating Authority is required to pass an order of admission or rejection qua an application under Section 7 of the I B Code within 14 days of the receipt of application. This mandate cannot be overlooked to set aside the impugned order and make room for further adjournment. ..... X X X X Extracts X X X X X X X X Extracts X X X X
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