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No new petition under Section 7 IBC to be entertained without filing record of default: NCLT

Bar & Bench

The National Company Law Tribunal has directed filing of default record from Information utility along with new petitions under Section 7 of the Insolvency and Bankruptcy Code, 2016.

All concerned are directed to file default record from Information Utility alongwith the new petition being filed under Section 7 of Insolvency & Bankruptcy Code, 2016, positively.
NCLT Order

No new petition shall be entertained without record of default under Section 7 of IBC, it is stated.

The Order has also directed Authorized Representatives/parties in the cases pending for admission under Section 7 IBC to file default record from Information Utility before the next date of hearing.

Read the Order:

Record of default from Information Utility.pdf
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