https://www.taxtmi.com/caselaws?id=424591 The petition CP(IB) No. 2185/KB/2019 was dismissed as barred by limitation. The tribunal rejected the Operational Creditor's argument for condonation of delay and held that there was no sufficient cause for not filing the petition within the prescribed period. The main petition was dismissed, emphasizing the importance of adhering to the statutory limitation period in initiating insolvency proceedings. en-us Wed, 29 Jun 2022 00:00:00 +0530 Tue, 05 Jul 2022 08:15:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=424591 The petition CP(IB) No. 2185/KB/2019 was dismissed as barred by limitation. The tribunal rejected the Operational Creditor's argument for condonation of delay and held that there was no sufficient cause for not filing the petition within the prescribed period. The main petition was dismissed, emphasizing the importance of adhering to the statutory limitation period in initiating insolvency proceedings. Case-Laws Insolvency and Bankruptcy Wed, 29 Jun 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=424591