https://www.taxtmi.com/caselaws?id=426415 The Tribunal established jurisdiction based on the Corporate Debtor's location in Mumbai. The Petitioner claimed default in loan repayment, supported by evidence. The acknowledgment of debt within the limitation period was upheld, despite a Settlement Agreement. Allegations of fraud were set aside, focusing on the debt's nature under the IBC. The petition under Section 7 of the IBC was admitted, appointing an IRP and imposing a moratorium. en-us Fri, 12 Aug 2022 00:00:00 +0530 Wed, 17 Aug 2022 08:08:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=426415 The Tribunal established jurisdiction based on the Corporate Debtor's location in Mumbai. The Petitioner claimed default in loan repayment, supported by evidence. The acknowledgment of debt within the limitation period was upheld, despite a Settlement Agreement. Allegations of fraud were set aside, focusing on the debt's nature under the IBC. The petition under Section 7 of the IBC was admitted, appointing an IRP and imposing a moratorium. Case-Laws Insolvency and Bankruptcy Fri, 12 Aug 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=426415