https://www.taxtmi.com/caselaws?id=427492 The Tribunal found that a notice returned as 'unclaimed' constituted valid service based on legal precedents. The Corporate Debtor's acknowledgment of outstanding dues within the limitation period, despite the last bill being due in November 2015, triggered the provisions of the Limitation Act. The petition demonstrated the Corporate Debtor's default on a debt exceeding the minimum amount stipulated by law. Consequently, the Tribunal admitted the petition, initiating the Corporate Insolvency Resolution Process. The order included the imposition of a moratorium, appointment of an Interim Resolution Professional, and directives for managing the process, emphasizing procedural compliance and progress monitoring. en-us Tue, 06 Sep 2022 00:00:00 +0530 Fri, 09 Sep 2022 12:26:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=427492 The Tribunal found that a notice returned as 'unclaimed' constituted valid service based on legal precedents. The Corporate Debtor's acknowledgment of outstanding dues within the limitation period, despite the last bill being due in November 2015, triggered the provisions of the Limitation Act. The petition demonstrated the Corporate Debtor's default on a debt exceeding the minimum amount stipulated by law. Consequently, the Tribunal admitted the petition, initiating the Corporate Insolvency Resolution Process. The order included the imposition of a moratorium, appointment of an Interim Resolution Professional, and directives for managing the process, emphasizing procedural compliance and progress monitoring. Case-Laws Insolvency and Bankruptcy Tue, 06 Sep 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=427492