https://www.taxtmi.com/caselaws?id=414413 The Tribunal dismissed the petition filed by an Operational Creditor against a Corporate Debtor seeking initiation of Corporate Insolvency Resolution Process under Section 9 of IBC. The petition was barred by limitation as the debt due date had expired in 2017, three years after the invoices were issued. The Corporate Debtor disputed the claim and did not respond until the Order was reserved. The judgment emphasized the importance of adhering to limitation periods in insolvency proceedings and timely filing petitions under the IBC. en-us Thu, 14 Oct 2021 00:00:00 +0530 Mon, 08 Nov 2021 07:00:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=414413 The Tribunal dismissed the petition filed by an Operational Creditor against a Corporate Debtor seeking initiation of Corporate Insolvency Resolution Process under Section 9 of IBC. The petition was barred by limitation as the debt due date had expired in 2017, three years after the invoices were issued. The Corporate Debtor disputed the claim and did not respond until the Order was reserved. The judgment emphasized the importance of adhering to limitation periods in insolvency proceedings and timely filing petitions under the IBC. Case-Laws Insolvency and Bankruptcy Thu, 14 Oct 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=414413