https://www.taxtmi.com/caselaws?id=426758 The Tribunal dismissed the company petition filed under Section 7 of the Insolvency and Bankruptcy Code, 2016 due to being time-barred. Despite evidence of default by the Corporate Debtor and jurisdiction of the Tribunal being established, the petition was re-filed after the limitation period, rendering it invalid under the Limitation Act, 1963. The Court emphasized the importance of adhering to the limitation period, leading to the dismissal of the petition without considering other merits. en-us Thu, 04 Aug 2022 00:00:00 +0530 Wed, 24 Aug 2022 11:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=426758 The Tribunal dismissed the company petition filed under Section 7 of the Insolvency and Bankruptcy Code, 2016 due to being time-barred. Despite evidence of default by the Corporate Debtor and jurisdiction of the Tribunal being established, the petition was re-filed after the limitation period, rendering it invalid under the Limitation Act, 1963. The Court emphasized the importance of adhering to the limitation period, leading to the dismissal of the petition without considering other merits. Case-Laws Insolvency and Bankruptcy Thu, 04 Aug 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=426758