https://www.taxtmi.com/caselaws?id=464446 NCLAT dismissed the appeal and upheld admission of Section 7 applications, finding financial creditors proved defaults under the loan agreement and endorsing the Adjudicating Authority's determination of date of default as 15.11.2022 and the loan recall notice dated 15.02.2023. The Tribunal held the AA had considered relevant factors (including cash management, DSRA obligations, use of ECLGS-1 funds and Clause 19/18.39 of the agreement) and complied with its earlier directions on remand; no grounds existed to interfere with the impugned order and the appellants' challenges were rejected. en-us Tue, 19 Aug 2025 00:00:00 +0530 Wed, 29 Oct 2025 14:13:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=464446 NCLAT dismissed the appeal and upheld admission of Section 7 applications, finding financial creditors proved defaults under the loan agreement and endorsing the Adjudicating Authority's determination of date of default as 15.11.2022 and the loan recall notice dated 15.02.2023. The Tribunal held the AA had considered relevant factors (including cash management, DSRA obligations, use of ECLGS-1 funds and Clause 19/18.39 of the agreement) and complied with its earlier directions on remand; no grounds existed to interfere with the impugned order and the appellants' challenges were rejected. Case-Laws IBC Tue, 19 Aug 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=464446