https://www.taxtmi.com/caselaws?id=780246 NCLAT (Principal Bench) upheld the NCLT's dismissal of the Section 7 application seeking initiation of CIRP, holding the asserted date of default (22.10.2020) falls within the exclusion period under Section 10A of the IBC; therefore CIRP cannot be initiated. Although a factual dispute existed over the nature of a Rs. 3.3 crore receipt, the tribunal limited its review to whether the default date was barred by Section 10A and found no error in the NCLT's conclusion. The appeal was dismissed. en-us Fri, 17 Oct 2025 00:00:00 +0530 Mon, 27 Oct 2025 09:17:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=780246 NCLAT (Principal Bench) upheld the NCLT's dismissal of the Section 7 application seeking initiation of CIRP, holding the asserted date of default (22.10.2020) falls within the exclusion period under Section 10A of the IBC; therefore CIRP cannot be initiated. Although a factual dispute existed over the nature of a Rs. 3.3 crore receipt, the tribunal limited its review to whether the default date was barred by Section 10A and found no error in the NCLT's conclusion. The appeal was dismissed. Case-Laws IBC Fri, 17 Oct 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=780246