https://www.taxtmi.com/caselaws?id=376174 The Tribunal ruled in favor of the Corporate Debtor, finding the Operational Creditor's application under Section 9 of the I&B Code, 2016 to be time-barred as per the Limitation Act, 1963. The Tribunal also sided with the Corporate Debtor on the issue of proof of payments, noting the lack of credibility in the Operational Creditor's evidence. The application was dismissed, emphasizing the necessity of meeting legal requirements and providing credible evidence in insolvency proceedings. No costs were awarded, and the judgment was delivered in open court with both parties' counsels present. en-us Mon, 21 Jan 2019 00:00:00 +0530 Mon, 04 Mar 2019 08:25:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=376174 The Tribunal ruled in favor of the Corporate Debtor, finding the Operational Creditor's application under Section 9 of the I&B Code, 2016 to be time-barred as per the Limitation Act, 1963. The Tribunal also sided with the Corporate Debtor on the issue of proof of payments, noting the lack of credibility in the Operational Creditor's evidence. The application was dismissed, emphasizing the necessity of meeting legal requirements and providing credible evidence in insolvency proceedings. No costs were awarded, and the judgment was delivered in open court with both parties' counsels present. Case-Laws Insolvency and Bankruptcy Mon, 21 Jan 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=376174