https://www.taxtmi.com/caselaws?id=788398 A Section 7 insolvency application was maintainable because the operative default date was 31.05.2021, placing the financial debt outside Section 10A suspension; the default was treated as continuing and limitation was not defeated. Pendency of SARFAESI measures, the auction sale, and a later writ or settlement proposal did not displace the established debt and default or prevent admission into CIRP. The Tribunal also treated non-disclosure of material facts as adverse to the appellant. The order admitting the corporate debtor into CIRP was sustained and the appeal failed. en-us Wed, 06 Aug 2025 00:00:00 +0530 Sat, 21 Mar 2026 08:29:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=788398 A Section 7 insolvency application was maintainable because the operative default date was 31.05.2021, placing the financial debt outside Section 10A suspension; the default was treated as continuing and limitation was not defeated. Pendency of SARFAESI measures, the auction sale, and a later writ or settlement proposal did not displace the established debt and default or prevent admission into CIRP. The Tribunal also treated non-disclosure of material facts as adverse to the appellant. The order admitting the corporate debtor into CIRP was sustained and the appeal failed. Case-Laws IBC Wed, 06 Aug 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=788398