https://www.taxtmi.com/caselaws?id=281106 A Section 7 insolvency application is a summary process in which the adjudicating authority examines the record to see whether default has occurred, and admits the case if it is otherwise complete and the proposed resolution professional is eligible. A borrower's challenge to the legality of assignment of debt is not to be tried as a civil dispute within that proceeding. Where the debtor had knowledge of the assignment, consented to substitution of the assignee, and the record showed acknowledgment of debt and default, the assignment challenge was not entertained and default was treated as established. en-us Thu, 20 Dec 2018 00:00:00 +0530 Thu, 08 Jan 2026 18:45:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=281106 A Section 7 insolvency application is a summary process in which the adjudicating authority examines the record to see whether default has occurred, and admits the case if it is otherwise complete and the proposed resolution professional is eligible. A borrower's challenge to the legality of assignment of debt is not to be tried as a civil dispute within that proceeding. Where the debtor had knowledge of the assignment, consented to substitution of the assignee, and the record showed acknowledgment of debt and default, the assignment challenge was not entertained and default was treated as established. Case-Laws IBC Thu, 20 Dec 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=281106