https://www.taxtmi.com/caselaws?id=445160 The appeal under Section 61 of the Insolvency and Bankruptcy Code, 2016, was dismissed by the Appellate Tribunal. The Financial Creditor's invocation of the Corporate Guarantee was deemed non-maintainable as it fell within the period excluded by Section 10-A of the IBC, which suspends the initiation of the Corporate Insolvency Resolution Process (CIRP) for defaults arising within a specified timeframe. The Tribunal upheld the Adjudicating Authority's decision, emphasizing that the invocation date of 25.08.2020 was within the excluded period, thus preventing the initiation of CIRP. No order as to costs was made. en-us Thu, 14 Sep 2023 00:00:00 +0530 Wed, 01 Nov 2023 21:07:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=445160 The appeal under Section 61 of the Insolvency and Bankruptcy Code, 2016, was dismissed by the Appellate Tribunal. The Financial Creditor's invocation of the Corporate Guarantee was deemed non-maintainable as it fell within the period excluded by Section 10-A of the IBC, which suspends the initiation of the Corporate Insolvency Resolution Process (CIRP) for defaults arising within a specified timeframe. The Tribunal upheld the Adjudicating Authority's decision, emphasizing that the invocation date of 25.08.2020 was within the excluded period, thus preventing the initiation of CIRP. No order as to costs was made. Case-Laws Insolvency and Bankruptcy Thu, 14 Sep 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=445160