https://www.taxtmi.com/caselaws?id=427225 Delay in filing the section 9 insolvency application was condoned by the NCLT, as the requested relief was within jurisdiction and covered by the limitation exclusion directions and the appellate order relied on by the applicant. However, the application failed on maintainability because the enhanced minimum default threshold of Rs. 1 crore applied to petitions filed on or after 24.03.2020, regardless of when the debt arose. As the petition and demand notice were issued after that date and the alleged default was below the threshold, the section 9 application was dismissed. en-us Wed, 17 Aug 2022 00:00:00 +0530 Sat, 03 Sep 2022 11:02:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=427225 Delay in filing the section 9 insolvency application was condoned by the NCLT, as the requested relief was within jurisdiction and covered by the limitation exclusion directions and the appellate order relied on by the applicant. However, the application failed on maintainability because the enhanced minimum default threshold of Rs. 1 crore applied to petitions filed on or after 24.03.2020, regardless of when the debt arose. As the petition and demand notice were issued after that date and the alleged default was below the threshold, the section 9 application was dismissed. Case-Laws Insolvency and Bankruptcy Wed, 17 Aug 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=427225