https://www.taxtmi.com/caselaws?id=373288 The Tribunal admitted the Company Petition under Section 7 of the Insolvency & Bankruptcy Code, finding the debt, default, and completeness of the application met. A moratorium was declared, appointing an Interim Resolution Professional to manage the insolvency resolution process. The Corporate Debtor's challenges regarding the claimed amount, limitation period, and acknowledgment of debt were dismissed, with reliance on legal precedents to support the decision. The 'Without Prejudice' letter was not considered by the Tribunal. The decision aimed to facilitate the resolution process efficiently, ensuring the protection of the parties involved. en-us Tue, 20 Nov 2018 00:00:00 +0530 Thu, 10 Jan 2019 08:07:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=373288 The Tribunal admitted the Company Petition under Section 7 of the Insolvency & Bankruptcy Code, finding the debt, default, and completeness of the application met. A moratorium was declared, appointing an Interim Resolution Professional to manage the insolvency resolution process. The Corporate Debtor's challenges regarding the claimed amount, limitation period, and acknowledgment of debt were dismissed, with reliance on legal precedents to support the decision. The 'Without Prejudice' letter was not considered by the Tribunal. The decision aimed to facilitate the resolution process efficiently, ensuring the protection of the parties involved. Case-Laws Insolvency and Bankruptcy Tue, 20 Nov 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=373288