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The Economic Times

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Supreme Court: NCLT neednt probe debt default at plea stage

The Supreme Court has clarified insolvency proceedings. The National Company Law Tribunal only needs to confirm a debt default to admit a case. It does not need to examine if the company can pay. This ruling upholds the admission of Hiranmaye Energy into insolvency. REC's plea was accepted for 218 crore dues.

20 Feb 2026 12:12 am