https://www.taxtmi.com/caselaws?id=789720 Section 7 admission may be deferred only after considering relevant facts, including the corporate debtor's financial health and any award or decretal entitlement. Where financial debt and default are undisputed, the debtor's claimed recovery is substantially lower than its admitted liabilities, and it has no independent business, separate income source, or financial viability, discretion under Vidarbha Industries Power Ltd. does not justify withholding insolvency admission. CIRP admission is sustained in those circumstances. en-us Fri, 10 Apr 2026 00:00:00 +0530 Mon, 13 Apr 2026 07:55:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=789720 Section 7 admission may be deferred only after considering relevant facts, including the corporate debtor's financial health and any award or decretal entitlement. Where financial debt and default are undisputed, the debtor's claimed recovery is substantially lower than its admitted liabilities, and it has no independent business, separate income source, or financial viability, discretion under Vidarbha Industries Power Ltd. does not justify withholding insolvency admission. CIRP admission is sustained in those circumstances. Case-Laws IBC Fri, 10 Apr 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=789720