https://www.taxtmi.com/caselaws?id=299563 The Tribunal dismissed the Company Petition seeking initiation of Corporate Insolvency Resolution Process against the Corporate Debtor for non-payment of Annual Listing Fees. The application was barred by the law of limitation as the debt fell due in 2015, and the petition was filed in 2019, exceeding the three-year limitation period. Discrepancies in the agreement, missing signatures, incomplete information, and lack of proper documentation led to the dismissal of the petition under Section 9 of the Insolvency and Bankruptcy Code. The Operational Creditor was advised to pursue alternative legal avenues for claim recovery due to legal deficiencies. en-us Thu, 31 Dec 2020 00:00:00 +0530 Tue, 21 Dec 2021 08:43:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=299563 The Tribunal dismissed the Company Petition seeking initiation of Corporate Insolvency Resolution Process against the Corporate Debtor for non-payment of Annual Listing Fees. The application was barred by the law of limitation as the debt fell due in 2015, and the petition was filed in 2019, exceeding the three-year limitation period. Discrepancies in the agreement, missing signatures, incomplete information, and lack of proper documentation led to the dismissal of the petition under Section 9 of the Insolvency and Bankruptcy Code. The Operational Creditor was advised to pursue alternative legal avenues for claim recovery due to legal deficiencies. Case-Laws Insolvency and Bankruptcy Thu, 31 Dec 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=299563