https://www.taxtmi.com/caselaws?id=466668 Determination of the date of default was governed by contemporaneous records: bank statements, audited lender records and a NeSL entry showing default prior to the statutory window prevailed over reliance solely on a later demand/recall notice. The legal principle that financial debt can be proved without a written agreement when disbursement and time-value evidence exists was applied, and continuing default through the moratorium window does not bar initiation if default began earlier. Consequently the Adjudicating Authority's re-fixation based only on the demand notice was set aside and admission of the insolvency petition was directed. en-us Wed, 11 Dec 2024 00:00:00 +0530 Mon, 16 Feb 2026 20:10:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=466668 Determination of the date of default was governed by contemporaneous records: bank statements, audited lender records and a NeSL entry showing default prior to the statutory window prevailed over reliance solely on a later demand/recall notice. The legal principle that financial debt can be proved without a written agreement when disbursement and time-value evidence exists was applied, and continuing default through the moratorium window does not bar initiation if default began earlier. Consequently the Adjudicating Authority's re-fixation based only on the demand notice was set aside and admission of the insolvency petition was directed. Case-Laws IBC Wed, 11 Dec 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=466668