https://www.taxtmi.com/caselaws?id=288435 The Tribunal dismissed the appeal against the order admitting the application under Section 9 of the Insolvency and Bankruptcy Code, 2016. It held that the claim by the Operational Creditor was not barred by limitation due to a continuous cause of action. The Corporate Debtor's acknowledgments of liability and intention to maintain the relationship with the Operational Creditor indicated an ongoing obligation, affirming the debt payable. Consequently, the Tribunal found no merit in the appeal and ordered its dismissal without costs. en-us Wed, 19 Dec 2018 00:00:00 +0530 Sun, 07 Jun 2020 19:42:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=288435 The Tribunal dismissed the appeal against the order admitting the application under Section 9 of the Insolvency and Bankruptcy Code, 2016. It held that the claim by the Operational Creditor was not barred by limitation due to a continuous cause of action. The Corporate Debtor's acknowledgments of liability and intention to maintain the relationship with the Operational Creditor indicated an ongoing obligation, affirming the debt payable. Consequently, the Tribunal found no merit in the appeal and ordered its dismissal without costs. Case-Laws Insolvency and Bankruptcy Wed, 19 Dec 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=288435