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Statutory period of 14 days for passing of order by AA u/s 7 isn’t mandatory but to be passed with utmost expedition

June 24, 2020[2020] 117 taxmann.com 258 (NCL-AT)
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IBC: Though statutory prescribed period of 14 days for passing of an order by Adjudicating Authority with regard to admission or otherwise of an application under section 7 has not been held to be 'mandatory' but such order is required to be passed with utmost expedition

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