2025 (7) TMI 849 - SCH - IBC

Admissibility of petition - initiation of CIRP - Validity of demand for interest and repayment of principal amount by the Financial Creditor - Existence of debt and default or not - Time limitation - HELD THAT - There are no good reason to interfere with the impugned order passed by the National Company Law Appellate Tribunal. Civil appeal is dismissed.

Summary

The Supreme Court, with Hon'ble Justices J. B. Pardiwala and R. Mahadevan presiding, condoned the delay in filing. Upon hearing Senior Counsel for the appellant and reviewing the record, the Court found "no good reason to interfere with the impugned order passed by the National Company Law Appellate Tribunal." Consequently, the Civil Appeal was dismissed, and all pending applications were disposed of.