https://www.taxtmi.com/caselaws?id=301814 The Tribunal dismissed the petition for initiation of Corporate Insolvency Resolution Process (CIRP) against the Corporate Debtor, ruling it was barred by limitation. The acknowledgment of debt occurred after the three-year period from the last agreement, rendering it invalid under Section 18 of the Limitation Act. As a result, the Tribunal did not issue notice to the respondent and dismissed the petition. en-us Tue, 10 Nov 2020 00:00:00 +0530 Thu, 21 Apr 2022 20:56:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=301814 The Tribunal dismissed the petition for initiation of Corporate Insolvency Resolution Process (CIRP) against the Corporate Debtor, ruling it was barred by limitation. The acknowledgment of debt occurred after the three-year period from the last agreement, rendering it invalid under Section 18 of the Limitation Act. As a result, the Tribunal did not issue notice to the respondent and dismissed the petition. Case-Laws Insolvency and Bankruptcy Tue, 10 Nov 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=301814