22Dec Application under Section 7 of IBC can be initiated when a default has occurred and there is no such provision that the occurrence of default can be taken into account from the date of NPA – Mr. Abhay Narendra Lodha Vs. Bank of Baroda – NCLAT New Delhi Posted by IBC Laws Editoron December 22, 2022December 22, 2022in IBC-Case Laws-NCLAT, Newsletter-IBC Case Username Password Remember Me Forgot Password In case you've already logged in, click here to know why you're not able to access this content.