https://www.taxtmi.com/caselaws?id=304211 The Tribunal had jurisdiction over the case as the Corporate Debtor's registered office fell within its territorial jurisdiction. The Tribunal found the petition timely filed within the limitation period due to part payments resetting the limitation period. The Corporate Debtor admitted liability towards the Operational Creditor. Despite a jurisdiction clause in the contract, the Tribunal asserted its jurisdiction under the Insolvency and Bankruptcy Code. Consequently, the petition was admitted, and Corporate Insolvency Resolution Process (CIRP) was initiated, with a moratorium declared and an Interim Resolution Professional appointed to manage the affairs of the Corporate Debtor. en-us Tue, 26 May 2020 00:00:00 +0530 Tue, 13 Sep 2022 20:21:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=304211 The Tribunal had jurisdiction over the case as the Corporate Debtor's registered office fell within its territorial jurisdiction. The Tribunal found the petition timely filed within the limitation period due to part payments resetting the limitation period. The Corporate Debtor admitted liability towards the Operational Creditor. Despite a jurisdiction clause in the contract, the Tribunal asserted its jurisdiction under the Insolvency and Bankruptcy Code. Consequently, the petition was admitted, and Corporate Insolvency Resolution Process (CIRP) was initiated, with a moratorium declared and an Interim Resolution Professional appointed to manage the affairs of the Corporate Debtor. Case-Laws Insolvency and Bankruptcy Tue, 26 May 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=304211