https://www.taxtmi.com/caselaws?id=354457 An application under section 10 of the Insolvency and Bankruptcy Code, 2016 was found not maintainable because it was filed after the 180-day period allowed by the proviso to section 4(b) of the Sick Industrial Companies (Special Provisions) Repeal Act, 2003 for a company whose BIFR reference had abated on repeal of SICA. The filing was also defective because the material facts relating to abatement were not disclosed at the time of presentation. On that basis, the application was liable to be rejected. en-us Fri, 22 Dec 2017 00:00:00 +0530 Wed, 26 Dec 2018 15:29:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=354457 An application under section 10 of the Insolvency and Bankruptcy Code, 2016 was found not maintainable because it was filed after the 180-day period allowed by the proviso to section 4(b) of the Sick Industrial Companies (Special Provisions) Repeal Act, 2003 for a company whose BIFR reference had abated on repeal of SICA. The filing was also defective because the material facts relating to abatement were not disclosed at the time of presentation. On that basis, the application was liable to be rejected. Case-Laws Insolvency and Bankruptcy Fri, 22 Dec 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=354457