https://www.taxtmi.com/caselaws?id=396888 An operational creditor's section 9 application under the Insolvency and Bankruptcy Code was treated as maintainable where invoices, reminder letters, admissions of liability, and a later memorandum of understanding showed acknowledged dues and continued default. That acknowledgment extended the limitation period, so the claim was not time-barred and could be admitted. Jurisdiction was also accepted because the corporate debtor's registered office was in Jaipur. On those findings, debt and default were accepted and initiation of the corporate insolvency resolution process, with moratorium and appointment of the interim resolution professional, followed. en-us Thu, 05 Mar 2020 00:00:00 +0530 Fri, 24 Jul 2020 08:31:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=396888 An operational creditor's section 9 application under the Insolvency and Bankruptcy Code was treated as maintainable where invoices, reminder letters, admissions of liability, and a later memorandum of understanding showed acknowledged dues and continued default. That acknowledgment extended the limitation period, so the claim was not time-barred and could be admitted. Jurisdiction was also accepted because the corporate debtor's registered office was in Jaipur. On those findings, debt and default were accepted and initiation of the corporate insolvency resolution process, with moratorium and appointment of the interim resolution professional, followed. Case-Laws Insolvency and Bankruptcy Thu, 05 Mar 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=396888