If the Corporate Debtor fails to file reply after serving a copy to the counsel for the Financial Creditor, the Adjudicating Authority will go through the record and if satisfied that there is a debt and default and the application is complete, may admit the application – Keltech Infrastructure Ltd. Vs. Aaj Finance & Credit Ltd. – NCLAT New Delhi

In order to access this content you need to login to your account. In case you are not a subscriber, Subscribe here.