https://www.taxtmi.com/caselaws?id=800075 Section 10A does not bar a Section 7 CIRP application where the actual default occurred before the suspension period, even if Form I mistakenly records a later date arising from non-payment under a One-Time Settlement. Failure of the settlement restores the original debt position rather than creating a fresh default. A default-date error and other procedural defects may be rectified where cure does not affect merits or jurisdiction, and supporting documents may be placed on record. At admission, the enquiry remains confined to financial debt, default and application completeness; unsupported assertions of solvency or commercial viability do not displace CIRP admission. A reasoned admission order should record the material establishing debt and qualifying default. en-us Mon, 28 Sep 2026 00:00:00 +0530 Thu, 01 Oct 2026 07:40:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=800075 Section 10A does not bar a Section 7 CIRP application where the actual default occurred before the suspension period, even if Form I mistakenly records a later date arising from non-payment under a One-Time Settlement. Failure of the settlement restores the original debt position rather than creating a fresh default. A default-date error and other procedural defects may be rectified where cure does not affect merits or jurisdiction, and supporting documents may be placed on record. At admission, the enquiry remains confined to financial debt, default and application completeness; unsupported assertions of solvency or commercial viability do not displace CIRP admission. A reasoned admission order should record the material establishing debt and qualifying default. Case-Laws IBC Mon, 28 Sep 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=800075