IBCArticle·25 October 2026

NCLT says NeSL Default Record Supports CIRP Admission

By J the App

Executive Summary

An authenticated record of default can materially strengthen a financial creditor’s Section 7 application. NCLT relied on the NeSL record, loan documents and the corporate debtor’s failure to contest the default to admit CIRP.

Domain | Regulatory | IBC

The Position

NCLT, Kolka...

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