Neither Registry Nor NCLT Can Dismiss S.7 Petition Without Giving An Opportunity To Cure Defects In Supporting Affidavit: NCLAT New Delhi

The NCLAT, New Delhi, has ruled that "neither the Registry nor the NCLT can dismiss a Section 7 petition without giving an opportunity to a party to cure defects in the supporting affidavit." This is a significant ruling that reinforces the principle of procedural fairness in insolvency proceedings. The court's decision, which is a significant victory for the government, was made on the grounds that the company's claim was not supported by evidence.