Case Law Analysis
|Supreme Court of India
Information Utility Record Raises Presumption of Default Under IBC Section 7 | Quantum & Profitability Irrelevant : SC
The Supreme Court held that an Information Utility’s record creates a presumption of default under IBC Section 7, making quantum disputes and profitability irrelevant for admission. This eases CIRP initiation for creditors while raising burden on debtors.