https://www.taxtmi.com/caselaws?id=289735 An applicant was recognised as a financial creditor where the debt asset swap agreement, undertaking and amended articles of association showed acknowledgment of repayment obligations and restriction over sale proceeds of secured property. On limitation, the tribunal held the Section 7 application was not time barred because the later documents constituted acknowledgments extending limitation, and the charge over immovable property also supported the claim. The corporate insolvency resolution process was admitted, an interim resolution professional was appointed, and moratorium directions followed. en-us Tue, 26 Feb 2019 00:00:00 +0530 Wed, 19 Aug 2020 09:45:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=289735 An applicant was recognised as a financial creditor where the debt asset swap agreement, undertaking and amended articles of association showed acknowledgment of repayment obligations and restriction over sale proceeds of secured property. On limitation, the tribunal held the Section 7 application was not time barred because the later documents constituted acknowledgments extending limitation, and the charge over immovable property also supported the claim. The corporate insolvency resolution process was admitted, an interim resolution professional was appointed, and moratorium directions followed. Case-Laws Insolvency and Bankruptcy Tue, 26 Feb 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=289735