https://www.taxtmi.com/caselaws?id=417895 The Supreme Court upheld the decision of the Appellate Tribunal, dismissing the appeal against the order admitting the petition under Section 7 of the Insolvency and Bankruptcy Code, 2016. The Court found that the challenge to the assignment basis of the application was unsubstantiated, and the application was not time-barred. The Appellant's efforts for settlement were noted, with the option to pursue settlement through an application under Section 12A. The appeal was dismissed, affirming the admission of the petition under Section 7. en-us Wed, 02 Feb 2022 00:00:00 +0530 Fri, 04 Feb 2022 07:00:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=417895 The Supreme Court upheld the decision of the Appellate Tribunal, dismissing the appeal against the order admitting the petition under Section 7 of the Insolvency and Bankruptcy Code, 2016. The Court found that the challenge to the assignment basis of the application was unsubstantiated, and the application was not time-barred. The Appellant's efforts for settlement were noted, with the option to pursue settlement through an application under Section 12A. The appeal was dismissed, affirming the admission of the petition under Section 7. Case-Laws Insolvency and Bankruptcy Wed, 02 Feb 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=417895