2022 (11) TMI 1397

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..... Alok Srivastava, Member (Technical) And Mr. Barun Mitra, Member (Technical) For Appellant: Mr. Abhinav Raghuvanshi, Mr. Ashutosh Shukla, Advocates ORDER Heard Learned Counsel for the Appellant. This appeal has been filed against the order passed by the Adjudicating Authority rejecting Section 7 petition filed by the Appellant for initiation of CIRP. The appellant's case is that on his person .....

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..... son good enough to refuse admission of Section 7 application. It has now been laid down by the Hon'ble Supreme Court in Vidarbha Industries Power Ltd. vs Axis Bank Limited that admission of Section 7 application is not obligatory merely on proof of debt and default. The facts as has been noticed by the Adjudicating Authority, as noted above are sufficient to refuse admission of Section 7 applicat .....

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