https://www.taxtmi.com/caselaws?id=418211 An application under section 7 of the Insolvency and Bankruptcy Code, 2016 was found complete, with default and debt established through loan documents, security documents, a demand notice under section 13(2) of the SARFAESI Act, 2002, and evidence of non-payment. The corporate debtor's one-time settlement offer was treated as an acknowledgment of liability, so the claim was held to be within limitation. As the default amount crossed the statutory threshold for admission, the application was admitted under section 7(5)(a) and moratorium under section 14 of the Code was ordered. en-us Wed, 02 Feb 2022 00:00:00 +0530 Fri, 11 Feb 2022 07:20:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=418211 An application under section 7 of the Insolvency and Bankruptcy Code, 2016 was found complete, with default and debt established through loan documents, security documents, a demand notice under section 13(2) of the SARFAESI Act, 2002, and evidence of non-payment. The corporate debtor's one-time settlement offer was treated as an acknowledgment of liability, so the claim was held to be within limitation. As the default amount crossed the statutory threshold for admission, the application was admitted under section 7(5)(a) and moratorium under section 14 of the Code was ordered. Case-Laws Insolvency and Bankruptcy Wed, 02 Feb 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=418211