https://www.taxtmi.com/highlights?id=53254 Maintainability of application - initiation of CIRP - Corporate Debtor failed to make repayment of its debt - Whether the debt is beyond 3 years from the date of declaration of the amount of corporate debt as NPA in 2013. -In our considered view, such plea stands on no legs for the simple reason that the default which has been shown in the balance sheet of financial year-ended 31-3-2018 is not running from March 2013 or earlier. en-us Fri, 01 May 2020 11:28:09 +0530 Fri, 01 May 2020 11:28:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=53254 Maintainability of application - initiation of CIRP - Corporate Debtor failed to make repayment of its debt - Whether the debt is beyond 3 years from the date of declaration of the amount of corporate debt as NPA in 2013. -In our considered view, such plea stands on no legs for the simple reason that the default which has been shown in the balance sheet of financial year-ended 31-3-2018 is not running from March 2013 or earlier. Highlights Insolvency and Bankruptcy Fri, 01 May 2020 11:28:09 +0530 https://www.taxtmi.com/highlights?id=53254