https://www.taxtmi.com/caselaws?id=294073 An application under section 7 of the Insolvency and Bankruptcy Code was found complete and maintainable because the loan transaction, debtor-creditor relationship, and default in repayment were admitted on the record. The tribunal held that part-payments made after the first default extended limitation under section 18 of the Limitation Act, so the 2019 petition remained within time because payments continued up to April 2016. Objections based on absence of Form II and challenge to the signatory's authority were rejected, as the form was later filed and the power of attorney was treated as sufficient authorisation. en-us Tue, 26 Nov 2019 00:00:00 +0530 Fri, 19 Mar 2021 09:18:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=294073 An application under section 7 of the Insolvency and Bankruptcy Code was found complete and maintainable because the loan transaction, debtor-creditor relationship, and default in repayment were admitted on the record. The tribunal held that part-payments made after the first default extended limitation under section 18 of the Limitation Act, so the 2019 petition remained within time because payments continued up to April 2016. Objections based on absence of Form II and challenge to the signatory's authority were rejected, as the form was later filed and the power of attorney was treated as sufficient authorisation. Case-Laws Insolvency and Bankruptcy Tue, 26 Nov 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=294073