https://www.taxtmi.com/caselaws?id=290807 The Tribunal found that the claim against the Corporate Debtor by the Operational Creditor was not barred by limitation. Despite the Corporate Debtor's arguments, the Tribunal held that the disputed amount did not constitute a valid pre-existing dispute under the Insolvency and Bankruptcy Code. The appeal was dismissed, emphasizing the broad definition of default and debt under the Code and the procedures for initiating insolvency resolution processes. The Tribunal's decision allowed the proceedings against the Corporate Debtor to proceed. en-us Mon, 02 Sep 2019 00:00:00 +0530 Mon, 08 Mar 2021 12:20:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=290807 The Tribunal found that the claim against the Corporate Debtor by the Operational Creditor was not barred by limitation. Despite the Corporate Debtor's arguments, the Tribunal held that the disputed amount did not constitute a valid pre-existing dispute under the Insolvency and Bankruptcy Code. The appeal was dismissed, emphasizing the broad definition of default and debt under the Code and the procedures for initiating insolvency resolution processes. The Tribunal's decision allowed the proceedings against the Corporate Debtor to proceed. Case-Laws Insolvency and Bankruptcy Mon, 02 Sep 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=290807