https://www.taxtmi.com/caselaws?id=448501 The HC condoned the delay in filing the petition under Section 7 of the Insolvency and Bankruptcy Code 2016. The original petition, based on a default date of 30 April 2014, was filed on 1 February 2022, beyond the limitation period. An amendment to change the default date to 10 January 2019 was allowed by the NCLT on 8 August 2023, despite claims of prejudice to the petitioner. Proceedings before the NCLT were stayed until 22 January 2024, when the Civil Appeal is scheduled for listing. The respondent's counsel agreed to serve a counter affidavit by 20 January 2024. en-us Tue, 16 Jan 2024 00:00:00 +0530 Sat, 20 Jan 2024 08:22:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=448501 The HC condoned the delay in filing the petition under Section 7 of the Insolvency and Bankruptcy Code 2016. The original petition, based on a default date of 30 April 2014, was filed on 1 February 2022, beyond the limitation period. An amendment to change the default date to 10 January 2019 was allowed by the NCLT on 8 August 2023, despite claims of prejudice to the petitioner. Proceedings before the NCLT were stayed until 22 January 2024, when the Civil Appeal is scheduled for listing. The respondent's counsel agreed to serve a counter affidavit by 20 January 2024. Case-Laws Insolvency and Bankruptcy Tue, 16 Jan 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=448501