https://www.taxtmi.com/caselaws?id=415975 Listing-related regulatory dues were held not to qualify as operational debt for Section 9 insolvency purposes where the claim rested on SEBI-governed listing obligations and the supporting listing agreement was incomplete and not shown to be valid after the corporate debtor's name change. The application was also found time-barred: the record did not show any fresh accrual extending limitation, and Article 137 of the Limitation Act, read with Section 238A of the Insolvency and Bankruptcy Code, applied from the admitted default date. The rejection of the insolvency application was therefore affirmed, and the appeal failed. en-us Fri, 17 Dec 2021 00:00:00 +0530 Sat, 18 Dec 2021 12:46:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=415975 Listing-related regulatory dues were held not to qualify as operational debt for Section 9 insolvency purposes where the claim rested on SEBI-governed listing obligations and the supporting listing agreement was incomplete and not shown to be valid after the corporate debtor's name change. The application was also found time-barred: the record did not show any fresh accrual extending limitation, and Article 137 of the Limitation Act, read with Section 238A of the Insolvency and Bankruptcy Code, applied from the admitted default date. The rejection of the insolvency application was therefore affirmed, and the appeal failed. Case-Laws Insolvency and Bankruptcy Fri, 17 Dec 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=415975