https://www.taxtmi.com/caselaws?id=441503 The Tribunal held that the application under Section 7 of the Insolvency and Bankruptcy Code was not barred by limitation. The acknowledgment of debt by the Appellant through various letters extended the limitation period. The Adjudicating Authority properly admitted the application for Corporate Insolvency Resolution Process as the Financial Creditor provided evidence of the debt and default. The Tribunal dismissed the appeal, ruling that the application was timely and the Corporate Debtor had defaulted. en-us Mon, 07 Aug 2023 00:00:00 +0530 Wed, 09 Aug 2023 18:11:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=441503 The Tribunal held that the application under Section 7 of the Insolvency and Bankruptcy Code was not barred by limitation. The acknowledgment of debt by the Appellant through various letters extended the limitation period. The Adjudicating Authority properly admitted the application for Corporate Insolvency Resolution Process as the Financial Creditor provided evidence of the debt and default. The Tribunal dismissed the appeal, ruling that the application was timely and the Corporate Debtor had defaulted. Case-Laws Insolvency and Bankruptcy Mon, 07 Aug 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=441503