https://www.taxtmi.com/caselaws?id=435897 The appeal challenging the Order of Admission under Section 7 of the Insolvency & Bankruptcy Code, 2016, was dismissed by the National Company Law Tribunal, Kochi Bench. The Tribunal found that the Adjudicating Authority's decision to admit the Section 7 Application was justified, considering the viability of the Project Act BEKAL and the absence of valid grounds for interference. The Tribunal emphasized the application of the Limitation Act to the proceedings under the Code and concluded that the Section 7 Application was not time-barred, ultimately upholding the original order of admission. en-us Wed, 29 Mar 2023 00:00:00 +0530 Thu, 30 Mar 2023 13:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=435897 The appeal challenging the Order of Admission under Section 7 of the Insolvency & Bankruptcy Code, 2016, was dismissed by the National Company Law Tribunal, Kochi Bench. The Tribunal found that the Adjudicating Authority's decision to admit the Section 7 Application was justified, considering the viability of the Project Act BEKAL and the absence of valid grounds for interference. The Tribunal emphasized the application of the Limitation Act to the proceedings under the Code and concluded that the Section 7 Application was not time-barred, ultimately upholding the original order of admission. Case-Laws Insolvency and Bankruptcy Wed, 29 Mar 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=435897