https://www.taxtmi.com/caselaws?id=411047 The Tribunal dismissed the application under Section 9 of the Insolvency and Bankruptcy Code, 2016 as not maintainable due to the debt being time-barred. Despite a decree in favor of the Operational Creditor in 2014, insufficient evidence was provided to prove the debt was within the limitation period. The Operational Creditor's attempt to initiate Corporate Insolvency Resolution Process in 2019 for non-payment of the decreed sum was rejected by the Tribunal, citing failure to enforce the decree within the limitation period as cautioned by the Supreme Court. en-us Thu, 15 Jul 2021 00:00:00 +0530 Tue, 17 Aug 2021 09:00:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=411047 The Tribunal dismissed the application under Section 9 of the Insolvency and Bankruptcy Code, 2016 as not maintainable due to the debt being time-barred. Despite a decree in favor of the Operational Creditor in 2014, insufficient evidence was provided to prove the debt was within the limitation period. The Operational Creditor's attempt to initiate Corporate Insolvency Resolution Process in 2019 for non-payment of the decreed sum was rejected by the Tribunal, citing failure to enforce the decree within the limitation period as cautioned by the Supreme Court. Case-Laws Insolvency and Bankruptcy Thu, 15 Jul 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=411047