NPA declaration date served as valid “Date of Default” under IBC: NCLAT Delhi

Milind Kashiram Jadhav Vs State Bank of India (NCLAT Delhi) The case of Milind Kashiram Jadhav Vs. State Bank of India revolves around an appeal filed under Section 61 of the Insolvency and Bankruptcy Code, 2016 (IBC) against an order passed by the National Company Law Tribunal (NCLT), New Delhi. The NCLT’s order admitted an application filed by State Bank of India (SBI) under Section 7 of the IBC against Jabalpur MSW Private Limited (Corporate Debtor), triggering the Corporate Insolvency Resolution Process (CIRP). The appeal, filed by Mr. Milind Kashiram Jadhav, a suspended director of ...