https://www.taxtmi.com/caselaws?id=408940 The Tribunal found that the debt and default were proved based on the respondent's acknowledgment of the debt through balance confirmations. The petition was not barred by limitation as it was filed within three years from the latest default date. The respondent's claim of being an NBFC was rejected as they failed to provide proof of registration. Consequently, the Tribunal admitted the petition under Section 7 of the IBC, 2016, declaring a moratorium and initiating the Corporate Insolvency Resolution Process. en-us Wed, 28 Apr 2021 00:00:00 +0530 Thu, 24 Jun 2021 19:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=408940 The Tribunal found that the debt and default were proved based on the respondent's acknowledgment of the debt through balance confirmations. The petition was not barred by limitation as it was filed within three years from the latest default date. The respondent's claim of being an NBFC was rejected as they failed to provide proof of registration. Consequently, the Tribunal admitted the petition under Section 7 of the IBC, 2016, declaring a moratorium and initiating the Corporate Insolvency Resolution Process. Case-Laws Insolvency and Bankruptcy Wed, 28 Apr 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=408940