https://www.taxtmi.com/caselaws?id=195959 The Tribunal dismissed the petition of the Operational Creditor under the Insolvency and Bankruptcy Code, 2016, seeking recovery of a balance amount from the respondent company. The claimed debt was found to be time-barred, as per IBC provisions, and the respondent did not acknowledge the debt. The Tribunal emphasized adherence to the Limitation Act, 1963, in insolvency proceedings and clarified its jurisdiction. The petition was dismissed, costs were imposed on the petitioner, and the Tribunal highlighted the limitations in executing civil court decrees to prevent forum shopping. en-us Fri, 31 Mar 2017 00:00:00 +0530 Wed, 03 Jan 2018 12:50:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=195959 The Tribunal dismissed the petition of the Operational Creditor under the Insolvency and Bankruptcy Code, 2016, seeking recovery of a balance amount from the respondent company. The claimed debt was found to be time-barred, as per IBC provisions, and the respondent did not acknowledge the debt. The Tribunal emphasized adherence to the Limitation Act, 1963, in insolvency proceedings and clarified its jurisdiction. The petition was dismissed, costs were imposed on the petitioner, and the Tribunal highlighted the limitations in executing civil court decrees to prevent forum shopping. Case-Laws Insolvency and Bankruptcy Fri, 31 Mar 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=195959