https://www.taxtmi.com/caselaws?id=419198 The Appellate Tribunal allowed the Appeal challenging the dismissal of the Application under Section 7 of the Insolvency and Bankruptcy Code, 2016. It held that the debt was not time-barred, emphasizing the continuing default by the Respondent. The Tribunal found errors in the Adjudicating Authority's assessment and remitted the matter for fresh consideration, directing a decision within twelve weeks. The impugned order was set aside, instructing a reevaluation based on documented debt acknowledgments. The Appeal was disposed of without costs, with instructions for publication and provision of the Judgment. en-us Fri, 04 Mar 2022 00:00:00 +0530 Sat, 05 Mar 2022 07:58:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=419198 The Appellate Tribunal allowed the Appeal challenging the dismissal of the Application under Section 7 of the Insolvency and Bankruptcy Code, 2016. It held that the debt was not time-barred, emphasizing the continuing default by the Respondent. The Tribunal found errors in the Adjudicating Authority's assessment and remitted the matter for fresh consideration, directing a decision within twelve weeks. The impugned order was set aside, instructing a reevaluation based on documented debt acknowledgments. The Appeal was disposed of without costs, with instructions for publication and provision of the Judgment. Case-Laws Insolvency and Bankruptcy Fri, 04 Mar 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=419198