CIRP Initiation Upheld: Absence of Default Record from Information Utility Not a Barrier to Admission u/s 7.

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....Initiation of CIRP - authentication of default - there are no substance in the submission of the Appellant that since Financial Creditor has not filed the record of default from an information utility, Section 7 deserves to be rejected - the Adjudicating Authority has correctly repelled the contention of the Appellant that in absence of a record of default recorded by information utility, the application filed u/s 7 may not be admitted. - AT....