https://www.taxtmi.com/caselaws?id=399566 An operational creditor's section 9 application was maintainable because the corporate debtor did not raise a dispute within the statutory ten-day period after service of the demand notice; a dispute first raised in the reply to the application was too late to defeat admission. The application was also within limitation because the record showed a last payment on 18 January 2017, and under Section 19 of the Limitation Act, 1963 a fresh limitation period ran from that part-payment. The petition was admitted, moratorium was ordered, and an interim resolution professional was appointed for commencement of the corporate insolvency resolution process. en-us Wed, 27 May 2020 00:00:00 +0530 Wed, 14 Oct 2020 11:47:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=399566 An operational creditor's section 9 application was maintainable because the corporate debtor did not raise a dispute within the statutory ten-day period after service of the demand notice; a dispute first raised in the reply to the application was too late to defeat admission. The application was also within limitation because the record showed a last payment on 18 January 2017, and under Section 19 of the Limitation Act, 1963 a fresh limitation period ran from that part-payment. The petition was admitted, moratorium was ordered, and an interim resolution professional was appointed for commencement of the corporate insolvency resolution process. Case-Laws Insolvency and Bankruptcy Wed, 27 May 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=399566