https://www.taxtmi.com/caselaws?id=783935 The dominant issue was whether the AA could permit amendment of the "date of default" in Part IV of a s.7 IBC application from a date falling within the s.10A prohibited period to an earlier date. Applying the principle that admissions cannot be withdrawn but may be clarified, the Tribunal held the original date reflected a continuing default tied to replacement of post-dated cheques, while the pleadings and deed showed the debt fell due within 15 days in 2015 and the corporate debtor's financial statements evidenced acknowledgment. Since default prior to the s.10A period could be examined and supported on record, the amendment was upheld and the appeal was dismissed. en-us Mon, 15 Dec 2025 00:00:00 +0530 Fri, 26 Dec 2025 07:18:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=783935 The dominant issue was whether the AA could permit amendment of the "date of default" in Part IV of a s.7 IBC application from a date falling within the s.10A prohibited period to an earlier date. Applying the principle that admissions cannot be withdrawn but may be clarified, the Tribunal held the original date reflected a continuing default tied to replacement of post-dated cheques, while the pleadings and deed showed the debt fell due within 15 days in 2015 and the corporate debtor's financial statements evidenced acknowledgment. Since default prior to the s.10A period could be examined and supported on record, the amendment was upheld and the appeal was dismissed. Case-Laws IBC Mon, 15 Dec 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=783935