https://www.taxtmi.com/caselaws?id=420762 The application, CP (IB) No. 19/9/AMR/2021, was dismissed by the National Company Law Tribunal, Amaravati Bench, as the claim amount fell below the pecuniary jurisdiction threshold of Rs. 1 Crore set by the notification dated 24.03.2020. The Tribunal emphasized that the date of application, not the date of default, is crucial in determining jurisdictional limits under the Insolvency and Bankruptcy Code. Despite establishing the debt and default, the Corporate Insolvency Resolution Process could not proceed due to jurisdictional constraints. The Tribunal validated the demand notice issued by the Advocate, in line with legal requirements. en-us Thu, 17 Mar 2022 00:00:00 +0530 Fri, 08 Apr 2022 12:27:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=420762 The application, CP (IB) No. 19/9/AMR/2021, was dismissed by the National Company Law Tribunal, Amaravati Bench, as the claim amount fell below the pecuniary jurisdiction threshold of Rs. 1 Crore set by the notification dated 24.03.2020. The Tribunal emphasized that the date of application, not the date of default, is crucial in determining jurisdictional limits under the Insolvency and Bankruptcy Code. Despite establishing the debt and default, the Corporate Insolvency Resolution Process could not proceed due to jurisdictional constraints. The Tribunal validated the demand notice issued by the Advocate, in line with legal requirements. Case-Laws Insolvency and Bankruptcy Thu, 17 Mar 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=420762