https://www.taxtmi.com/caselaws?id=416992 The Tribunal found that the debt claimed by the Operational Creditor was not barred by limitation as part-payments made by the Corporate Debtor extended the limitation period. Additionally, a payment made by the Corporate Debtor was considered an acknowledgment of liability. The Tribunal ordered the initiation of Corporate Insolvency Resolution Process (CIRP) against the Corporate Debtor, appointing an Interim Resolution Professional (IRP) and declaring a moratorium. The order included prohibitions on suits, asset transfers, and property recovery actions against the Corporate Debtor, with essential supplies to continue uninterrupted. en-us Thu, 30 Dec 2021 00:00:00 +0530 Thu, 13 Jan 2022 08:59:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=416992 The Tribunal found that the debt claimed by the Operational Creditor was not barred by limitation as part-payments made by the Corporate Debtor extended the limitation period. Additionally, a payment made by the Corporate Debtor was considered an acknowledgment of liability. The Tribunal ordered the initiation of Corporate Insolvency Resolution Process (CIRP) against the Corporate Debtor, appointing an Interim Resolution Professional (IRP) and declaring a moratorium. The order included prohibitions on suits, asset transfers, and property recovery actions against the Corporate Debtor, with essential supplies to continue uninterrupted. Case-Laws Insolvency and Bankruptcy Thu, 30 Dec 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=416992