https://www.taxtmi.com/caselaws?id=413439 The Tribunal dismissed the petition seeking initiation of Corporate Insolvency Resolution Process against the Corporate Debtor for default occurring on 31.10.2020, citing that Section 10A of the Insolvency and Bankruptcy Code, 2016 barred such action due to the impact of the COVID-19 pandemic on business operations. The suspension of Sections 7, 9, and 10 during the specified period rendered the petition invalid as per the legislative intent to address pandemic-related economic challenges. en-us Tue, 05 Oct 2021 00:00:00 +0530 Thu, 25 Nov 2021 16:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=413439 The Tribunal dismissed the petition seeking initiation of Corporate Insolvency Resolution Process against the Corporate Debtor for default occurring on 31.10.2020, citing that Section 10A of the Insolvency and Bankruptcy Code, 2016 barred such action due to the impact of the COVID-19 pandemic on business operations. The suspension of Sections 7, 9, and 10 during the specified period rendered the petition invalid as per the legislative intent to address pandemic-related economic challenges. Case-Laws Insolvency and Bankruptcy Tue, 05 Oct 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=413439