https://www.taxtmi.com/caselaws?id=801142 Section 7 admission under the Insolvency and Bankruptcy Code requires prima facie documentary proof that a financial debt became due, remains unpaid and exceeds the statutory threshold; final claim quantification, accounting disagreements and profitability do not by themselves negate default. An authenticated Information Utility Record of Default is independently sufficient proof unless rebutted by clear, cogent and compelling material; loan and account documents may collectively establish default on a preponderance-of-probabilities standard. A legally assigned financial debt permits the assignee to proceed as financial creditor, while a finally determined assignment dispute may be barred by issue estoppel. Section 62 review is confined to legal questions and does not permit reassessment of concurrent factual findings absent perversity, lack of evidence, ignored material evidence or an erroneous legal standard. en-us Thu, 15 Oct 2026 00:00:00 +0530 Fri, 16 Oct 2026 05:20:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=801142 Section 7 admission under the Insolvency and Bankruptcy Code requires prima facie documentary proof that a financial debt became due, remains unpaid and exceeds the statutory threshold; final claim quantification, accounting disagreements and profitability do not by themselves negate default. An authenticated Information Utility Record of Default is independently sufficient proof unless rebutted by clear, cogent and compelling material; loan and account documents may collectively establish default on a preponderance-of-probabilities standard. A legally assigned financial debt permits the assignee to proceed as financial creditor, while a finally determined assignment dispute may be barred by issue estoppel. Section 62 review is confined to legal questions and does not permit reassessment of concurrent factual findings absent perversity, lack of evidence, ignored material evidence or an erroneous legal standard. Case-Laws IBC Thu, 15 Oct 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=801142