https://www.taxtmi.com/caselaws?id=422051 The court dismissed the petition for initiating Corporate Insolvency Resolution Process under Section 7 of the Insolvency and Bankruptcy Code. The Financial Creditor failed to provide sufficient evidence to establish the debt default by the Corporate Debtor within the limitation period. The court highlighted the importance of meeting proof of debt and limitation requirements for a successful application, emphasizing the need for concrete evidence such as default records, bank account entries, and court orders on debt non-payment. en-us Wed, 27 Apr 2022 00:00:00 +0530 Sat, 07 May 2022 06:36:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=422051 The court dismissed the petition for initiating Corporate Insolvency Resolution Process under Section 7 of the Insolvency and Bankruptcy Code. The Financial Creditor failed to provide sufficient evidence to establish the debt default by the Corporate Debtor within the limitation period. The court highlighted the importance of meeting proof of debt and limitation requirements for a successful application, emphasizing the need for concrete evidence such as default records, bank account entries, and court orders on debt non-payment. Case-Laws Insolvency and Bankruptcy Wed, 27 Apr 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=422051