https://www.taxtmi.com/caselaws?id=196678 The Tribunal rejected the petition filed under Section 9 of the Insolvency and Bankruptcy Code, 2016 by an Operational Creditor against the Corporate Debtor for outstanding dues. Despite compliance with notice issuance under Section 8, the claim was found time-barred as the acknowledgment of debt did not extend the limitation period. The Tribunal held that the petition was legally unrecoverable due to exceeding the permissible timeframe for debt recovery, leading to its rejection. en-us Thu, 04 May 2017 00:00:00 +0530 Wed, 03 Jan 2018 12:50:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=196678 The Tribunal rejected the petition filed under Section 9 of the Insolvency and Bankruptcy Code, 2016 by an Operational Creditor against the Corporate Debtor for outstanding dues. Despite compliance with notice issuance under Section 8, the claim was found time-barred as the acknowledgment of debt did not extend the limitation period. The Tribunal held that the petition was legally unrecoverable due to exceeding the permissible timeframe for debt recovery, leading to its rejection. Case-Laws Insolvency and Bankruptcy Thu, 04 May 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=196678