https://www.taxtmi.com/caselaws?id=424683 The Tribunal found that the petition under section 7 of the Insolvency and Bankruptcy Code was not barred by limitation due to continuous acknowledgment of debt by the Corporate Debtor. The existence of financial debt and default was established, leading to the admission of the petition and initiation of the Corporate Insolvency Resolution Process against the Corporate Debtor. The Tribunal appointed an Interim Resolution Professional and declared a moratorium. en-us Mon, 04 Jul 2022 00:00:00 +0530 Thu, 07 Jul 2022 09:03:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=424683 The Tribunal found that the petition under section 7 of the Insolvency and Bankruptcy Code was not barred by limitation due to continuous acknowledgment of debt by the Corporate Debtor. The existence of financial debt and default was established, leading to the admission of the petition and initiation of the Corporate Insolvency Resolution Process against the Corporate Debtor. The Tribunal appointed an Interim Resolution Professional and declared a moratorium. Case-Laws Insolvency and Bankruptcy Mon, 04 Jul 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=424683