https://www.scconline.com/blog/post/2022/07/14/ibc-section-75a-nclt-may-reject-financial-creditors-cirp-application-even-in-case-of-corporate-debtors-default-in-payment-of-debt/
IBC - Section 7(5)(a) | NCLT “may” reject Financial Creditor’s CIRP application even in case of Corporate Debtor’s default in payment of debt