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    <title>2017 (10) TMI 571 - NATIONAL COMPANY LAW TRIBUNAL, CHANDIGARH</title>
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    <description>The Tribunal admitted the winding-up petition, declaring a moratorium under the Insolvency and Bankruptcy Code, 2016. The acknowledgment of debt by the Corporate Debtor was upheld, rejecting objections based on settlement agreements and the bar of limitation. The petition was found to be within the limitation period, and essential supplies to the Corporate Debtor were to continue during the moratorium. The matter was adjourned for the appointment of the Interim Resolution Professional.</description>
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      <description>The Tribunal admitted the winding-up petition, declaring a moratorium under the Insolvency and Bankruptcy Code, 2016. The acknowledgment of debt by the Corporate Debtor was upheld, rejecting objections based on settlement agreements and the bar of limitation. The petition was found to be within the limitation period, and essential supplies to the Corporate Debtor were to continue during the moratorium. The matter was adjourned for the appointment of the Interim Resolution Professional.</description>
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