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

As per the records, the NCLT has directed filing of default record from Information Utility along with new petitions under Section 7 of IBC, 2016. As per the order of the NCLT, all concerned are directed to file default record from Information Utility alongwith the new petition being filed under Section 7 of IBC, 2016, positively. It is stated that no new petition shall be entertained without record of default under Section 7 of IBC. The order has also directed Authorized Representatives/ parties in the cases pending for admission under Section 7 of IBC, 2016 to file default record from Information Utility before the next date of hearing.  This has been issued with approval of Honorable Acting President of the NCLT.

 

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