https://www.taxtmi.com/caselaws?id=463704 SC dismissed the appeal, upholding the Adjudicating Authority's admission of the Section 7 application. The appellate body had found debt and default against the corporate debtor established; a pending Section 66 challenge and allegations that the loan was sham or collusive did not negate the admitted debt for admission purposes. The court found no grounds to interfere with the impugned judgment and therefore declined to disturb the admission order. en-us Wed, 10 Jul 2024 00:00:00 +0530 Fri, 12 Sep 2025 17:29:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=463704 SC dismissed the appeal, upholding the Adjudicating Authority's admission of the Section 7 application. The appellate body had found debt and default against the corporate debtor established; a pending Section 66 challenge and allegations that the loan was sham or collusive did not negate the admitted debt for admission purposes. The court found no grounds to interfere with the impugned judgment and therefore declined to disturb the admission order. Case-Laws IBC Wed, 10 Jul 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=463704