https://www.taxtmi.com/caselaws?id=410629 The Tribunal dismissed the petition seeking to initiate Corporate Insolvency Resolution Process against Essel Utilities Distribution Company Limited, as the claim by Bsmart Tech Private Limited was found to be time-barred. The invoices in question dated back to 2015-2016, and the petition filed in 2019 exceeded the limitation period. Additionally, a pre-existing dispute was identified between the parties regarding discrepancies in SMS count and rates, as evidenced by an email from the Corporate Debtor in 2016. The petition was dismissed with no costs, and the order was communicated to both parties. en-us Mon, 26 Jul 2021 00:00:00 +0530 Thu, 05 Aug 2021 12:40:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=410629 The Tribunal dismissed the petition seeking to initiate Corporate Insolvency Resolution Process against Essel Utilities Distribution Company Limited, as the claim by Bsmart Tech Private Limited was found to be time-barred. The invoices in question dated back to 2015-2016, and the petition filed in 2019 exceeded the limitation period. Additionally, a pre-existing dispute was identified between the parties regarding discrepancies in SMS count and rates, as evidenced by an email from the Corporate Debtor in 2016. The petition was dismissed with no costs, and the order was communicated to both parties. Case-Laws Insolvency and Bankruptcy Mon, 26 Jul 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=410629