https://www.taxtmi.com/caselaws?id=751058 A Section 7 insolvency application was found to be within limitation because the repayment schedule continued up to 15.05.2022, default was shown before 31.01.2022, and the Supreme Court's limitation exclusions supported timeliness. Pending objections to the execution of an arbitral award did not prevent examination of the insolvency claim, because the Section 7 inquiry remained focused on whether a financial debt and default existed independently of the award's fate. The record, including the loan agreement, recall notice, repayment material, NESL certificate and the corporate debtor's admission of partial payment, was sufficient to establish debt and default, justifying admission of the application. en-us Tue, 02 Apr 2024 00:00:00 +0530 Fri, 05 Apr 2024 13:20:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=751058 A Section 7 insolvency application was found to be within limitation because the repayment schedule continued up to 15.05.2022, default was shown before 31.01.2022, and the Supreme Court's limitation exclusions supported timeliness. Pending objections to the execution of an arbitral award did not prevent examination of the insolvency claim, because the Section 7 inquiry remained focused on whether a financial debt and default existed independently of the award's fate. The record, including the loan agreement, recall notice, repayment material, NESL certificate and the corporate debtor's admission of partial payment, was sufficient to establish debt and default, justifying admission of the application. Case-Laws Insolvency and Bankruptcy Tue, 02 Apr 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=751058