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Informative

NCLT Cannot Suo Moto Amend Date of Default in Insolvency Application Unless Amendment Application is Filed: NCLAT

Update / Judgement Date

09 Apr 2025

Source

Taxscan

Author

Team — WCP Legal Desk

Reading Time

1 min read

Insolvency & Bankruptcy Code

The NCLAT held that the NCLT cannot suo moto (on its own motion) amend the date of default in an insolvency application unless a formal amendment application is filed. The appellate tribunal emphasized the procedural requirement for any changes to the crucial date of default in an IBC application, stating that it cannot be done by the tribunal without a proper request from the applicant.