https://www.taxtmi.com/caselaws?id=419827 The Tribunal found in favor of the Financial Creditor, holding that the debt was due and payable by the Corporate Debtor and had not been paid. The Tribunal rejected the Corporate Debtor's argument that the claim was barred by limitation, citing relevant case law and determining that the application for initiating Corporate Insolvency Resolution Process (CIRP) was within the limitation period. Consequently, the Tribunal admitted the petition under Section 7 of the IBC, declared a moratorium, appointed an Interim Resolution Professional, and ordered public announcement of the CIRP. en-us Fri, 04 Mar 2022 00:00:00 +0530 Tue, 22 Mar 2022 08:58:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=419827 The Tribunal found in favor of the Financial Creditor, holding that the debt was due and payable by the Corporate Debtor and had not been paid. The Tribunal rejected the Corporate Debtor's argument that the claim was barred by limitation, citing relevant case law and determining that the application for initiating Corporate Insolvency Resolution Process (CIRP) was within the limitation period. Consequently, the Tribunal admitted the petition under Section 7 of the IBC, declared a moratorium, appointed an Interim Resolution Professional, and ordered public announcement of the CIRP. Case-Laws Insolvency and Bankruptcy Fri, 04 Mar 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=419827