https://www.taxtmi.com/caselaws?id=415013 Omission to state the date of default in Part IV of Form 1 under Section 7 of the Insolvency and Bankruptcy Code was treated as a curable defect of form, not a fatal incompleteness, where the pleadings and accompanying documents otherwise disclosed the default date and non-performing asset date. The prescribed form may be supported by documents to establish financial debt, amount, and default. The financial creditor could proceed on its own consortium debt, and the application was held to be within limitation, including in light of a later acknowledgment of liability under Section 18 of the Limitation Act, 1963. en-us Mon, 22 Nov 2021 00:00:00 +0530 Tue, 23 Nov 2021 11:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=415013 Omission to state the date of default in Part IV of Form 1 under Section 7 of the Insolvency and Bankruptcy Code was treated as a curable defect of form, not a fatal incompleteness, where the pleadings and accompanying documents otherwise disclosed the default date and non-performing asset date. The prescribed form may be supported by documents to establish financial debt, amount, and default. The financial creditor could proceed on its own consortium debt, and the application was held to be within limitation, including in light of a later acknowledgment of liability under Section 18 of the Limitation Act, 1963. Case-Laws Insolvency and Bankruptcy Mon, 22 Nov 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=415013