https://www.taxtmi.com/caselaws?id=406405 The tribunal dismissed the company petition seeking initiation of Corporate Insolvency Resolution Process (CIRP) under Section 7 of the Insolvency and Bankruptcy Code, 2016. The court determined the date of default as 31/03/2020 based on consent terms, making the petition not maintainable under Section 10A of the Code. The petitioner's acceptance of replacement cheques extended the payment due date. The final order dismissed the petition on contest without imposing costs, allowing the petitioner to pursue other legal proceedings against the corporate debtor. en-us Tue, 06 Apr 2021 00:00:00 +0530 Wed, 14 Apr 2021 16:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=406405 The tribunal dismissed the company petition seeking initiation of Corporate Insolvency Resolution Process (CIRP) under Section 7 of the Insolvency and Bankruptcy Code, 2016. The court determined the date of default as 31/03/2020 based on consent terms, making the petition not maintainable under Section 10A of the Code. The petitioner's acceptance of replacement cheques extended the payment due date. The final order dismissed the petition on contest without imposing costs, allowing the petitioner to pursue other legal proceedings against the corporate debtor. Case-Laws Insolvency and Bankruptcy Tue, 06 Apr 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=406405