https://www.taxtmi.com/caselaws?id=399469 The National Company Law Tribunal, Chennai Bench, dismissed the application under Section 9 of the Insolvency & Bankruptcy Code, 2016, ruling in favor of the Corporate Debtor. The Tribunal found that the debt claimed by the Operational Creditor was barred by limitation as the acknowledgment obtained exceeded the 3-year limitation period from the debt due date. The decision aligned with legal precedents and court rulings, emphasizing the importance of adherence to limitation periods in insolvency cases. en-us Tue, 05 May 2020 00:00:00 +0530 Mon, 12 Oct 2020 11:24:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=399469 The National Company Law Tribunal, Chennai Bench, dismissed the application under Section 9 of the Insolvency & Bankruptcy Code, 2016, ruling in favor of the Corporate Debtor. The Tribunal found that the debt claimed by the Operational Creditor was barred by limitation as the acknowledgment obtained exceeded the 3-year limitation period from the debt due date. The decision aligned with legal precedents and court rulings, emphasizing the importance of adherence to limitation periods in insolvency cases. Case-Laws Insolvency and Bankruptcy Tue, 05 May 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=399469