https://www.taxtmi.com/caselaws?id=432552 The Appellate Tribunal upheld the dismissal of the Section 7 Application under the Insolvency and Bankruptcy Code, 2016 by the National Company Law Tribunal, Kolkata Bench. The Financial Creditor's appeal was rejected as they failed to prove the authenticity of the loan agreement and the application was found to be time-barred. The Tribunal also noted discrepancies in the loan agreement and lack of evidence supporting the genuineness of the transaction. The application was deemed invalid due to timeliness and lack of evidence, and the NCLT's decision was upheld. en-us Thu, 05 Jan 2023 00:00:00 +0530 Sun, 08 Jan 2023 20:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=432552 The Appellate Tribunal upheld the dismissal of the Section 7 Application under the Insolvency and Bankruptcy Code, 2016 by the National Company Law Tribunal, Kolkata Bench. The Financial Creditor's appeal was rejected as they failed to prove the authenticity of the loan agreement and the application was found to be time-barred. The Tribunal also noted discrepancies in the loan agreement and lack of evidence supporting the genuineness of the transaction. The application was deemed invalid due to timeliness and lack of evidence, and the NCLT's decision was upheld. Case-Laws Insolvency and Bankruptcy Thu, 05 Jan 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=432552