https://www.taxtmi.com/caselaws?id=758934 NCLAT Principal Bench dismissed an appeal under Section 9 of IB Code, 2016 concerning default in fabrication and erection of steel structure work. The appellant failed to identify any document showing acknowledgement of debt by the corporate debtor after 2013, despite being given multiple opportunities to inspect financial documents from 2011-12 to 2017-18. The tribunal found no entries in trial balance or balance sheet that could extend the limitation period through debt acknowledgement, resulting in dismissal of the appeal. en-us Thu, 19 Sep 2024 00:00:00 +0530 Sat, 21 Sep 2024 07:25:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=758934 NCLAT Principal Bench dismissed an appeal under Section 9 of IB Code, 2016 concerning default in fabrication and erection of steel structure work. The appellant failed to identify any document showing acknowledgement of debt by the corporate debtor after 2013, despite being given multiple opportunities to inspect financial documents from 2011-12 to 2017-18. The tribunal found no entries in trial balance or balance sheet that could extend the limitation period through debt acknowledgement, resulting in dismissal of the appeal. Case-Laws IBC Thu, 19 Sep 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=758934