https://www.taxtmi.com/caselaws?id=291886 The Tribunal admitted the Insolvency and Bankruptcy Application under section 7 of the Insolvency and Bankruptcy Code, 2016, against the Corporate Debtor. It appointed an Interim Resolution Professional, declared a moratorium, and emphasized the validity of the assignment deeds and the debt not being time-barred due to part-payments. The Tribunal disregarded the Corporate Debtor's arguments on the assignment deeds' validity and limitation period, focusing on the default in repayment and the importance of the claim falling within the limitation period. The previous claim before the Debt Recovery Tribunal did not impact the proceedings under the Insolvency and Bankruptcy Code. en-us Sat, 05 Oct 2019 00:00:00 +0530 Sat, 28 Nov 2020 09:16:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=291886 The Tribunal admitted the Insolvency and Bankruptcy Application under section 7 of the Insolvency and Bankruptcy Code, 2016, against the Corporate Debtor. It appointed an Interim Resolution Professional, declared a moratorium, and emphasized the validity of the assignment deeds and the debt not being time-barred due to part-payments. The Tribunal disregarded the Corporate Debtor's arguments on the assignment deeds' validity and limitation period, focusing on the default in repayment and the importance of the claim falling within the limitation period. The previous claim before the Debt Recovery Tribunal did not impact the proceedings under the Insolvency and Bankruptcy Code. Case-Laws Insolvency and Bankruptcy Sat, 05 Oct 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=291886