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2019 (4) TMI 139 - AT - Insolvency and BankruptcyCorporate insolvency process - Adjudicating Authority had not issued any notice prior to admission of the application under Section 7 of the ‘I&B Code’ - HELD THAT:- In the present case, as we find that the aforesaid procedure has not been followed and the Adjudicating Authority has violated rules of natural justice by not issuing any notice to the ‘Corporate Debtor’ about the date of admission, we have no other option but to set aside the impugned order dated 14th December, 2018. It is accordingly set aside. The matter having already settled between the parties, we are not remitting the matter back to the Adjudicating Authority. In effect, order (s), passed by the Adjudicating Authority appointing ‘Interim Resolution Professional’, declaring moratorium, freezing of account, and all other order (s) passed by the Adjudicating Authority pursuant to impugned order and action taken by the ‘Interim Resolution Professional’, including the advertisement published in the newspaper calling for applications all such orders and actions are declared illegal and are set aside.
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