Mrs. Rita Kapur filed a petition before the National Company Law Tribunal (NCLT) based on a Will dated 2017-07-16, which was executed by her husband. Her husband passed away on 2017-08-06. The loan agreements on record are extended between her husband and the corporate debtor. The petition was filed under Section 7 of the Insolvency & Bankruptcy Code, 2016. The Tribunal noted that there was no certificate from a competent court accepting Mrs. Kapur as the sole beneficiary of the Will, and the Will had not yet been probated. The absence of a certificate and the lack of probate were key factors in the Tribunal's decision.

Mrs. Rita Kapur filed a petition before the National Company Law Tribunal (NCLT) based on a Will dated 2017-07-16, which was executed by her husband. Her husband passed away on 2017-08-06. The loan agreements on record are extended between her husband and the corporate debtor. The petition was filed under Section 7 of the Insolvency & Bankruptcy Code, 2016. The Tribunal noted that there was no certificate from a competent court accepting Mrs. Kapur as the sole beneficiary of the Will, and the Will had not yet been probated. The absence of a certificate and the lack of probate were key factors in the Tribunal's decision.