Adjudicating Authority Cannot Suo Moto Amend Date Of Default In Insolvency Application Unless Amendment Application Is Filed: NCLAT

The NCLAT ruled that the Adjudicating Authority cannot suo moto amend the date of default mentioned in an insolvency application unless an amendment application is filed. This decision emphasizes the importance of procedural compliance in IBC proceedings. The ruling ensures that amendments are made based on proper applications and legal grounds. It reflects the tribunal's commitment to maintaining the integrity of the insolvency process.