Sumer Buildcorp NCLT Section 10A Dismissal Application Denied

NCLT Mumbai dismisses Sumer Buildcorp's application seeking dismissal of insolvency petition under Section 10A IBC protection.
Tribunal finds continuing defaults occurred beyond Section 10A period (post-24.03.2021) with interest exceeding ₹1 crore threshold.
Ruling establishes that post-10A period defaults constitute fresh cause of action for insolvency proceedings under Section 7.