https://www.taxtmi.com/caselaws?id=781874 NCLAT allowed the creditor's appeal against dismissal of its application under s.7 IBC for non-prosecution and alleged absence of a specified default date in Part IV. NCLAT held that an earlier appellate order dated 27.09.2023 had already established the corporate debtor's admission of debt and default due to financial distress, and that order had not been challenged before SC under s.62 IBC. Therefore, dismissal solely for non-mention of the default date was inconsequential. The impugned order was set aside and the matter remanded to the Tribunal for fresh decision. en-us Tue, 09 Sep 2025 00:00:00 +0530 Sat, 22 Nov 2025 07:36:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=781874 NCLAT allowed the creditor's appeal against dismissal of its application under s.7 IBC for non-prosecution and alleged absence of a specified default date in Part IV. NCLAT held that an earlier appellate order dated 27.09.2023 had already established the corporate debtor's admission of debt and default due to financial distress, and that order had not been challenged before SC under s.62 IBC. Therefore, dismissal solely for non-mention of the default date was inconsequential. The impugned order was set aside and the matter remanded to the Tribunal for fresh decision. Case-Laws IBC Tue, 09 Sep 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=781874