https://www.taxtmi.com/caselaws?id=428731 The petition filed by the Operational Creditor seeking to initiate Corporate Insolvency Resolution Process (CIRP) against the Corporate Debtor was rejected by the National Company Law Tribunal (NCLT). The Tribunal found that the petition was barred by limitation as it was filed beyond the three-year period from the date of default. Additionally, the Operational Creditor failed to provide a copy of the contract to support its claims, leading the Tribunal to conclude that the petition was misconceived and non-maintainable. en-us Fri, 07 Oct 2022 00:00:00 +0530 Mon, 10 Oct 2022 10:00:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=428731 The petition filed by the Operational Creditor seeking to initiate Corporate Insolvency Resolution Process (CIRP) against the Corporate Debtor was rejected by the National Company Law Tribunal (NCLT). The Tribunal found that the petition was barred by limitation as it was filed beyond the three-year period from the date of default. Additionally, the Operational Creditor failed to provide a copy of the contract to support its claims, leading the Tribunal to conclude that the petition was misconceived and non-maintainable. Case-Laws Insolvency and Bankruptcy Fri, 07 Oct 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=428731