Unilateral Entries In Financial Records By Corporate Debtor To Make Counter Claim Cannot Be Considered: NCLAT New Delhi

The NCLAT New Delhi ruled that unilateral entries made in financial records by a corporate debtor to make a counter-claim cannot be considered. The tribunal emphasized that such entries must be supported by evidence and cannot be used to offset legitimate claims by creditors. This ruling ensures that financial records are accurately maintained and that creditors’ claims are not unfairly diminished by unsupported counter-claims.