https://www.taxtmi.com/caselaws?id=410034 The Tribunal dismissed the application for corporate insolvency resolution process under Section 7 of the Insolvency and Bankruptcy Code, 2016 due to being time-barred. The application, filed for default in payment of Rs. 8,57,000, was found to exceed the limitation period set by the Supreme Court, as the default occurred in 2014 while the application was filed in 2019. Despite arguments and document review, the Tribunal concluded that the application did not meet the necessary criteria and was therefore dismissed. en-us Wed, 09 Jun 2021 00:00:00 +0530 Fri, 23 Jul 2021 08:57:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=410034 The Tribunal dismissed the application for corporate insolvency resolution process under Section 7 of the Insolvency and Bankruptcy Code, 2016 due to being time-barred. The application, filed for default in payment of Rs. 8,57,000, was found to exceed the limitation period set by the Supreme Court, as the default occurred in 2014 while the application was filed in 2019. Despite arguments and document review, the Tribunal concluded that the application did not meet the necessary criteria and was therefore dismissed. Case-Laws Insolvency and Bankruptcy Wed, 09 Jun 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=410034