https://www.taxtmi.com/caselaws?id=381053 A financial creditor established financial debt and default through loan records, successive assignment agreements and evidence of continued non-payment by the corporate debtor. In assessing limitation, the Tribunal took into account the bona fide pursuit of claims before the DRT and other forums, treating the time spent in those proceedings as relevant. It also found the Section 7 petition complete and noted that no disciplinary proceeding was pending against the proposed interim resolution professional. The petition was held maintainable, the limitation objection was rejected, and insolvency proceedings were directed to commence against the corporate debtor. en-us Thu, 07 Feb 2019 00:00:00 +0530 Tue, 04 Jun 2019 08:12:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=381053 A financial creditor established financial debt and default through loan records, successive assignment agreements and evidence of continued non-payment by the corporate debtor. In assessing limitation, the Tribunal took into account the bona fide pursuit of claims before the DRT and other forums, treating the time spent in those proceedings as relevant. It also found the Section 7 petition complete and noted that no disciplinary proceeding was pending against the proposed interim resolution professional. The petition was held maintainable, the limitation objection was rejected, and insolvency proceedings were directed to commence against the corporate debtor. Case-Laws Insolvency and Bankruptcy Thu, 07 Feb 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=381053