TReDS debt admitted

The NCLT, Ahmedabad, by its order dated 29 July 2026, admitted a Section 7 application filed by the Bank of Maharashtra against Comet Granito Private Limited. 

The Tribunal held that financing extended through the TReDSplatform constitutes a financial debt and that technical objections relating to default dates, account reconciliation and settlement negotiations could not defeat admission once debt and default stood established.