https://www.taxtmi.com/caselaws?id=416290 The Tribunal rejected the Operational Creditor's application under Section 60(5) of the Insolvency & Bankruptcy Code, 2016, as the default date of 28.07.2020 fell within the period covered by Section 10A, which suspends initiation of insolvency proceedings for defaults arising after 25th March 2020. The Tribunal found the attempt to amend the default date to 21.03.2020 as a misuse of IBC provisions, emphasizing the seriousness of insolvency consequences. en-us Thu, 25 Nov 2021 00:00:00 +0530 Sat, 25 Dec 2021 08:42:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=416290 The Tribunal rejected the Operational Creditor's application under Section 60(5) of the Insolvency & Bankruptcy Code, 2016, as the default date of 28.07.2020 fell within the period covered by Section 10A, which suspends initiation of insolvency proceedings for defaults arising after 25th March 2020. The Tribunal found the attempt to amend the default date to 21.03.2020 as a misuse of IBC provisions, emphasizing the seriousness of insolvency consequences. Case-Laws Insolvency and Bankruptcy Thu, 25 Nov 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=416290