https://www.taxtmi.com/caselaws?id=794283 Service of a section 7 petition at the corporate debtor's MCA-registered email address, with attempts at service on the registered office and publication, was treated as valid service; the natural justice challenge therefore failed. A section 7 petition remained maintainable because default on outstanding interest can also constitute default if the admitted liability exceeds the statutory threshold. Breach and withdrawal of a conditional one-time settlement revived the original loan liability, and post-withdrawal payments were to be adjusted against that revived debt. On these grounds, the insolvency admission was sustained and the appeal found unmeritorious. en-us Tue, 30 Jun 2026 00:00:00 +0530 Fri, 03 Jul 2026 08:49:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=794283 Service of a section 7 petition at the corporate debtor's MCA-registered email address, with attempts at service on the registered office and publication, was treated as valid service; the natural justice challenge therefore failed. A section 7 petition remained maintainable because default on outstanding interest can also constitute default if the admitted liability exceeds the statutory threshold. Breach and withdrawal of a conditional one-time settlement revived the original loan liability, and post-withdrawal payments were to be adjusted against that revived debt. On these grounds, the insolvency admission was sustained and the appeal found unmeritorious. Case-Laws IBC Tue, 30 Jun 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=794283