Deepak Raheja and Another v. Omkara Assets Reconstruction Private Ltd and Another
2026 INSC 113415 October 202615 min read
Supreme Court: Information Utility Record Sufficient to Establish Default Under Section 7 IBC
The Supreme Court dismissed appeals against CIRP admission, holding that a Record of Default from an Information Utility is sufficient to establish default under Section 7, and profitability is irrelevant to the existence of default.
Case Snapshot
- Case Name
- Deepak Raheja and Another v. Omkara Assets Reconstruction Private Ltd. and Another
- Citation
- 2026 INSC 1134
- Bench
- Justice Augustine George Masih & Justice Dipankar Datta
- Date of Judgment
- October 15, 2026
- Area of Law
- Insolvency and Bankruptcy Code, 2016 — Section 7 — Default — Information Utility — Evidentiary Threshold
✦
Unlock Full Judgment Analysis
Subscribe to access the complete breakdown of this judgment and all premium research sections.
The Judgment in One Line
Background
Issues Before the Court
Court's Analysis
Decision
Why This Judgment Matters
Already a subscriber? Log in
Premium Content Locked