NCLAT, Financial creditor entitled to file application for CIRP of IBC even after breach of settlement agreement: Case of Bahadur Ram Mallah vs Assets Reconstruction Company (India) Ltd, NCLAT Delhi Judgement Dated 3rd April 2025. The appellate tribunal held that financial creditor entitled to file an application for Corporate Insolvancy Resolution (CIRP) by a Financial Creditor under section 7 of the IBC, even after breach of settlement agreement since nature of debt doesn’t change. Thus, order admitting CIRP application sustained. (NCLAT Delhi Judgement Dated 03/04/2025)