Rejoinder was filed subsequently amendments in CIRP Regulation 2A shall not put any statutory obligation on the Appellant to file the documents of evidence of default as provided in CIRP Regulation 2A – Abhijit Sinha Vs. Asset Reconstruction Company (India) Ltd. – NCLAT New Delhi
NCLAT held that CIRP Regulation 2A cannot come to the help of the Appellant in any manner since the Application was filed in 2019, at that time Regulation 2A was not there. The Financial Creditor was not obliged to comply the Regulation. The mere fact that Rejoinder was filed subsequently shall not put any statutory obligation on the Appellant to file the documents of evidence of default as provided in Regulation 2A. It also held that the question under admission of Section 7 Application is not as to what is correct liability of the Corporate Debtor when admission was there that the amount of more than One Crore was due, it was sufficient for admission of Section 7 Application.