*Insolvency Decisions 2026 : Vishal Singh v. Nainital Bank Ltd [2026] GCtR 128 (NCLAT)*
Dismissing the appeal it has been held that any financial creditor, even being unsecured creditor, is within the right to file petition under S.7 of IBC, 2016 in case default occurs. In this case, it was sought to be argued that the “Date of Default” is mandatory and must be specifically mentioned in Form1/Form-5 filed under Section 7 of the Code.
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