https://www.taxtmi.com/caselaws?id=386376 The Tribunal dismissed the appeal, upholding the order of admission, finding that the application under Section 7 of the I&B Code was not time-barred, the Banks' claims were not barred by limitation, and the Corporate Debtor's management remained with the Promoters. The Promoters were held responsible for any default, and the Bank had not taken over the actual management of the Corporate Debtor. The appeal was dismissed without costs. en-us Thu, 26 Sep 2019 00:00:00 +0530 Thu, 26 Sep 2019 16:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=386376 The Tribunal dismissed the appeal, upholding the order of admission, finding that the application under Section 7 of the I&B Code was not time-barred, the Banks' claims were not barred by limitation, and the Corporate Debtor's management remained with the Promoters. The Promoters were held responsible for any default, and the Bank had not taken over the actual management of the Corporate Debtor. The appeal was dismissed without costs. Case-Laws Insolvency and Bankruptcy Thu, 26 Sep 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=386376