https://www.taxtmi.com/caselaws?id=797440 Section 7 admission requires proof of financial debt and default exceeding the applicable statutory threshold; disputes over exact dues or contractual interest need not be resolved at the admission stage where debt and default are admitted. CIRP is not barred by Section 10A where the default arose before, or continued beyond, the protected period, including where the recorded default falls outside that period. A partial payment or settlement offer does not justify interference with admission when it is substantially below the creditor's claim and has not been accepted. Accordingly, established debt, qualifying default and unmet statutory conditions support commencement of CIRP. en-us Tue, 18 Aug 2026 00:00:00 +0530 Sat, 22 Aug 2026 10:33:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=797440 Section 7 admission requires proof of financial debt and default exceeding the applicable statutory threshold; disputes over exact dues or contractual interest need not be resolved at the admission stage where debt and default are admitted. CIRP is not barred by Section 10A where the default arose before, or continued beyond, the protected period, including where the recorded default falls outside that period. A partial payment or settlement offer does not justify interference with admission when it is substantially below the creditor's claim and has not been accepted. Accordingly, established debt, qualifying default and unmet statutory conditions support commencement of CIRP. Case-Laws IBC Tue, 18 Aug 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=797440