Defective Affidavit in Section 7 IBC Application is a Curable Defect; Rejection Without Specific Notice Under Section 7(5)(b) Invalid: Supreme Court

The Supreme Court has held that the filing of a defective affidavit in support of an application under Section 7 of the Insolvency and Bankruptcy Code, 2016 (IBC), does not render the application non est (non-existent in law). The Court ruled that such procedural defects are curable and cannot be a ground to reject the

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