Section 3
Ins. by s. 7 , ibid . (w.e.f. 6-6-2018).
3. Ins. by s. 7 , ibid . (w.e.f. 6-6-2018).
Provided that Adjudicating Authority shall, before rejecting an application, give a notice to the applicant to rectify the defects in his application within seven days from the date of receipt of such notice from the Adjudicating Authority.
(5) The corporate insolvency resolution process shall commence from the date of admission of the application under sub-section (4) of this section.
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