https://www.taxtmi.com/caselaws?id=405543 A section 7 IBC application was found to be within limitation because it was filed with reference to the last payment made by the corporate debtor, supported by the payment history and the date of NPA classification; the Article 137 limitation objection read with section 238A IBC was rejected. Financial debt and default were also established through the disbursal of secured non-convertible debentures, the assignee status of the applicant, the default record, the default notice, the information utility data, and the corporate debtor's written submissions admitting liability. On that basis, the petition was admitted, moratorium followed, and an interim resolution professional was appointed. en-us Fri, 05 Mar 2021 00:00:00 +0530 Tue, 23 Mar 2021 08:41:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=405543 A section 7 IBC application was found to be within limitation because it was filed with reference to the last payment made by the corporate debtor, supported by the payment history and the date of NPA classification; the Article 137 limitation objection read with section 238A IBC was rejected. Financial debt and default were also established through the disbursal of secured non-convertible debentures, the assignee status of the applicant, the default record, the default notice, the information utility data, and the corporate debtor's written submissions admitting liability. On that basis, the petition was admitted, moratorium followed, and an interim resolution professional was appointed. Case-Laws Insolvency and Bankruptcy Fri, 05 Mar 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=405543