Case of Karan Bhatia vs Tata Capital Financial Ltd, NCLAT Delhi Judgement Dated 27th October 2025. The appellate tribunal held that when multiple instalment defaults occur, the threshold limit is met if the total default amount exceeds Rs 1 crore, even if a specific date of default mentioned in the petition was for a lower amount. It upheld admission of a Section 7 (CIRP by Financial Creditors) IBC application.