https://www.taxtmi.com/caselaws?id=425103 The court dismissed the petition for the initiation of Corporate Insolvency Resolution Process (CIRP) against the Corporate Debtor, finding the claims by the Financial Creditor to be time-barred and collusive. The court highlighted the importance of parties fulfilling their obligations under agreements and ruled that time-barred claims cannot be resurrected through collusive means. The petition was deemed to have been filed with mala fide intentions and was ultimately dismissed on July 12, 2022. en-us Tue, 12 Jul 2022 00:00:00 +0530 Sat, 16 Jul 2022 09:20:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=425103 The court dismissed the petition for the initiation of Corporate Insolvency Resolution Process (CIRP) against the Corporate Debtor, finding the claims by the Financial Creditor to be time-barred and collusive. The court highlighted the importance of parties fulfilling their obligations under agreements and ruled that time-barred claims cannot be resurrected through collusive means. The petition was deemed to have been filed with mala fide intentions and was ultimately dismissed on July 12, 2022. Case-Laws Insolvency and Bankruptcy Tue, 12 Jul 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=425103