https://www.taxtmi.com/caselaws?id=797270 Section 7 of the Insolvency and Bankruptcy Code permits default to be established through information-utility records or other evidence furnished by a financial creditor; reliance on photocopies does not, by itself, invalidate admission of a corporate insolvency resolution process application. An undisputed NeSL default record, acknowledged loan liabilities, a deposit made under a DRAT order, and no specific challenge to the pleaded default date supported admission. A factual error in recording a concession must first be corrected before the NCLT through an application for speaking to the minutes, rather than raised directly in writ proceedings. en-us Fri, 14 Aug 2026 00:00:00 +0530 Mon, 31 Aug 2026 10:51:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=797270 Section 7 of the Insolvency and Bankruptcy Code permits default to be established through information-utility records or other evidence furnished by a financial creditor; reliance on photocopies does not, by itself, invalidate admission of a corporate insolvency resolution process application. An undisputed NeSL default record, acknowledged loan liabilities, a deposit made under a DRAT order, and no specific challenge to the pleaded default date supported admission. A factual error in recording a concession must first be corrected before the NCLT through an application for speaking to the minutes, rather than raised directly in writ proceedings. Case-Laws IBC Fri, 14 Aug 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=797270