The statutory provision engrafted in Section 7(4) of the ‘I&B Code’ clearly provides the time frame of 14 days for the Adjudicating Authority to decide the application of Financial Creditor by either admitting or rejecting it. While one may not find fault with the approach of the Adjudicating Authority in providing an opportunity to the parties to work out a settlement, it needs to be emphasized that the statutory provision has to be kept in view and the Adjudicating Authority has to adhere to the statutory provisions. After ascertaining debt and default and being satisfied of the completeness of the application it is to pass an order of admission or rejection of application on merit.