Application u/s. 7 of IBC maintainable for any default subsequent to section 10A period

Mani Gupta Vs HDFC Bank Ltd. & Anr (NCLAT Delhi) NCLAT Delhi held that application under section 7 of the Insolvency and Bankruptcy Code [IBC] is duly admissible since default occurred subsequent to section 10A period. Accordingly, order upheld and appeal dismissed. Facts- This appeal is directed against the order dated 30.11.2023 by which an application filed by HDFC Bank Limited (Financial Creditor) against M/s Moutain Meadow Holidays Pvt. Ltd. (Corporate Debtor) under Section 7 of the Insolvency and Bankruptcy Code, 2016 has been admitted and Umesh Gupta was appointed as the Interim Res...