https://www.taxtmi.com/caselaws?id=399520 The National Company Law Tribunal, Mumbai Bench, admitted the petition filed by Syndicate Bank as the Financial Creditor under section 7 of the Insolvency and Bankruptcy Code against Bothra Metals and Alloys Limited. The Tribunal dismissed the limitation defense raised by the Corporate Debtor, ruling that the acknowledgment of debt in the balance sheet satisfied the requirements of the Limitation Act. The Tribunal also rejected various defenses raised by the Corporate Debtor, ordering the initiation of Corporate Insolvency Resolution Process (CIRP) and appointing an Interim Resolution Professional to oversee the resolution process. en-us Mon, 06 Jul 2020 00:00:00 +0530 Tue, 13 Oct 2020 12:46:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=399520 The National Company Law Tribunal, Mumbai Bench, admitted the petition filed by Syndicate Bank as the Financial Creditor under section 7 of the Insolvency and Bankruptcy Code against Bothra Metals and Alloys Limited. The Tribunal dismissed the limitation defense raised by the Corporate Debtor, ruling that the acknowledgment of debt in the balance sheet satisfied the requirements of the Limitation Act. The Tribunal also rejected various defenses raised by the Corporate Debtor, ordering the initiation of Corporate Insolvency Resolution Process (CIRP) and appointing an Interim Resolution Professional to oversee the resolution process. Case-Laws Insolvency and Bankruptcy Mon, 06 Jul 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=399520