https://www.taxtmi.com/caselaws?id=765152 NCLAT dismissed appeal challenging Section 9 IBC application. Tribunal held petition filed within limitation period as last payment on 17.02.2017 extended three-year limitation to 17.02.2020, when petition was filed. Demand notice was properly served despite appellant's claims of reply during COVID-19 period. No pre-existing dispute established as appellant's contradictory positions regarding debt payment lacked credible evidence beyond self-serving ledger entries with cash payments. Application maintainable despite operational creditor being unregistered partnership firm. Insolvency proceedings ordered to continue against corporate debtor. en-us Fri, 24 Jan 2025 00:00:00 +0530 Mon, 27 Jan 2025 08:40:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=765152 NCLAT dismissed appeal challenging Section 9 IBC application. Tribunal held petition filed within limitation period as last payment on 17.02.2017 extended three-year limitation to 17.02.2020, when petition was filed. Demand notice was properly served despite appellant's claims of reply during COVID-19 period. No pre-existing dispute established as appellant's contradictory positions regarding debt payment lacked credible evidence beyond self-serving ledger entries with cash payments. Application maintainable despite operational creditor being unregistered partnership firm. Insolvency proceedings ordered to continue against corporate debtor. Case-Laws IBC Fri, 24 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=765152