https://www.taxtmi.com/caselaws?id=468681 Pendency of a recovery certificate or proceedings before the Debt Recovery Tribunal does not, by itself, displace a prima facie finding of debt and default for purposes of corporate insolvency resolution. The Tribunal treated the appeal as one seeking only interim protection against the admission order and found no sufficient basis to stay the commencement of the insolvency process. Interim stay was therefore refused, and the application for such relief was rejected. en-us Wed, 21 Jan 2026 00:00:00 +0530 Sun, 17 May 2026 09:19:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=468681 Pendency of a recovery certificate or proceedings before the Debt Recovery Tribunal does not, by itself, displace a prima facie finding of debt and default for purposes of corporate insolvency resolution. The Tribunal treated the appeal as one seeking only interim protection against the admission order and found no sufficient basis to stay the commencement of the insolvency process. Interim stay was therefore refused, and the application for such relief was rejected. Case-Laws IBC Wed, 21 Jan 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=468681