https://www.taxtmi.com/caselaws?id=394246 The IB Petition seeking initiation of CIRP against the Corporate Debtor was initially considered time-barred due to being filed more than three years from the date of default. However, the acknowledgment of debt by the Corporate Debtor through various documents extended the limitation period, rendering the petition timely. Despite pending proceedings, the tribunal found the petition maintainable, leading to the admission of the petition and initiation of CIRP against the Corporate Debtor. en-us Wed, 01 Jan 2020 00:00:00 +0530 Mon, 06 Apr 2020 12:20:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=394246 The IB Petition seeking initiation of CIRP against the Corporate Debtor was initially considered time-barred due to being filed more than three years from the date of default. However, the acknowledgment of debt by the Corporate Debtor through various documents extended the limitation period, rendering the petition timely. Despite pending proceedings, the tribunal found the petition maintainable, leading to the admission of the petition and initiation of CIRP against the Corporate Debtor. Case-Laws Insolvency and Bankruptcy Wed, 01 Jan 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=394246