elaborately discussed by a three-Judge Bench of this Court in Indus Biotech
Private Ltd. v. Kotak India Venture (Offshore) Fund and others 19 . While ... importantly, default, are satisfied, admission must follow. The
relevant passages from Indus Biotech are extracted below for ready reference:
“14. In order to arrive
Adjudicating Authority, having regard
to the decisions of this Court in Indus Biotech
Private Limited V. Kotak India Venture (Offshore)
Fund & Ors18 and Swiss
terms of the law laid down by this Court in Indus Biotech Private
Limited vs. Kotak India Venture (Offshore) Fund and others3, a
corporate debtor
purpose of the statute.
9
2026:CHC-AS:739-DB
17. Indus Biotech Private Limited vs Kotak India Venture
(Offshore) Fund (Earlier Known as Kotak
purpose of the statute.
9
2026:CHC-AS:739-DB
17. Indus Biotech Private Limited vs Kotak India Venture
(Offshore) Fund (Earlier Known as Kotak
purpose of the statute.
9
2026:CHC-AS:739-DB
17. Indus Biotech Private Limited vs Kotak India Venture
(Offshore) Fund (Earlier Known as Kotak
purpose of the statute.
9
2026:CHC-AS:739-DB
17. Indus Biotech Private Limited vs Kotak India Venture
(Offshore) Fund (Earlier Known as Kotak
purpose of the statute.
9
2026:CHC-AS:739-DB
17. Indus Biotech Private Limited vs Kotak India Venture
(Offshore) Fund (Earlier Known as Kotak
Fuels Pvt. Ltd.,
Raj Process Equipments and Systems Pvt. Ltd., Food & Biotech Engineers,
B.G. Shirke Construction, HDFC Bank, Axis Bank, and the Deputy ... upon the
judgment of this Hon'ble Appellate Tribunal in " IndusInd Bank Ltd. v. Mr.
Rajendra K. Bhuta , reported in (2022) ibclaw
