Limitations on Power of Adjudicating Authority while Adjudicating Application u/s 9 of the IBC
Section 9(5) of the Insolvency and Bankruptcy Code, 2016 (IBC), deals with the power of the adjudicating authority (i.e., National Company Law Tribunal/ NCLT) to admit the application and communication of such decision to the operational creditor and the corporate debtor within fourteen days from the receipt of the application.
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