https://www.taxtmi.com/caselaws?id=432553 The tribunal dismissed the application under Section 7 of the Insolvency and Bankruptcy Code, finding it barred by limitation. The financial creditor's claim was deemed not genuine, with no valid acknowledgement of debt to extend the limitation period. The tribunal also concluded that the claim amount was exorbitant and unconscionable, leading to the dismissal of the appeal and ruling out initiation of Corporate Insolvency Resolution Process (CIRP). en-us Thu, 05 Jan 2023 00:00:00 +0530 Sun, 08 Jan 2023 20:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=432553 The tribunal dismissed the application under Section 7 of the Insolvency and Bankruptcy Code, finding it barred by limitation. The financial creditor's claim was deemed not genuine, with no valid acknowledgement of debt to extend the limitation period. The tribunal also concluded that the claim amount was exorbitant and unconscionable, leading to the dismissal of the appeal and ruling out initiation of Corporate Insolvency Resolution Process (CIRP). Case-Laws Insolvency and Bankruptcy Thu, 05 Jan 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=432553