https://www.taxtmi.com/caselaws?id=395388 The Tribunal found that the petition for corporate insolvency resolution process against the corporate debtor was not barred by limitation. The respondent's defense claiming the debt was time-barred was rejected. The Tribunal determined that the debt became due and payable based on a previous order, and the petition was filed within the limitation period. The focus was on the default, which was proven, leading to the admission of the petition under section 7 of the Insolvency and Bankruptcy Code. An interim resolution professional was appointed, and necessary orders for the commencement of the insolvency resolution process were issued. en-us Tue, 01 Oct 2019 00:00:00 +0530 Wed, 27 May 2020 10:16:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=395388 The Tribunal found that the petition for corporate insolvency resolution process against the corporate debtor was not barred by limitation. The respondent's defense claiming the debt was time-barred was rejected. The Tribunal determined that the debt became due and payable based on a previous order, and the petition was filed within the limitation period. The focus was on the default, which was proven, leading to the admission of the petition under section 7 of the Insolvency and Bankruptcy Code. An interim resolution professional was appointed, and necessary orders for the commencement of the insolvency resolution process were issued. Case-Laws Insolvency and Bankruptcy Tue, 01 Oct 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=395388