https://www.taxtmi.com/highlights?id=73741 Admissibility of Section 7 application - The date of default which is mentioned in the tabular form cannot be ignored it is clear that there was default of more than Rs.1 Crore i.e. threshold period in payment of default by the Corporate Debtor after Section 10A period. - The above default is very much there even if the default is ignored on the basis of Facility Acceleration Notice dated 30th May, 2021/31st May, 2021 - even after Section 10A period there being default in payment of interest which was more than threshold amount, the Application under Section 7 deserves to be admitted - AT en-us Sat, 23 Dec 2023 12:34:59 +0530 Sat, 23 Dec 2023 12:34:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=73741 Admissibility of Section 7 application - The date of default which is mentioned in the tabular form cannot be ignored it is clear that there was default of more than Rs.1 Crore i.e. threshold period in payment of default by the Corporate Debtor after Section 10A period. - The above default is very much there even if the default is ignored on the basis of Facility Acceleration Notice dated 30th May, 2021/31st May, 2021 - even after Section 10A period there being default in payment of interest which was more than threshold amount, the Application under Section 7 deserves to be admitted - AT Highlights Insolvency and Bankruptcy Sat, 23 Dec 2023 12:34:59 +0530 https://www.taxtmi.com/highlights?id=73741