https://www.taxtmi.com/caselaws?id=460558 The Tribunal dismissed the appeal, upholding the Adjudicating Authority's decision to reject the application under Section 9 of the IBC. The Tribunal found that the application was barred by Section 10A, which permanently prohibits initiating CIRP for defaults occurring during the specified period from 25th March 2020. Additionally, the Tribunal determined that defaults occurring on 31st March 2021 and 30th April 2021 did not meet the threshold requirement under Section 4 of the IBC, further rendering the application unsustainable. en-us Mon, 31 Oct 2022 00:00:00 +0530 Fri, 31 Jan 2025 18:55:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=460558 The Tribunal dismissed the appeal, upholding the Adjudicating Authority's decision to reject the application under Section 9 of the IBC. The Tribunal found that the application was barred by Section 10A, which permanently prohibits initiating CIRP for defaults occurring during the specified period from 25th March 2020. Additionally, the Tribunal determined that defaults occurring on 31st March 2021 and 30th April 2021 did not meet the threshold requirement under Section 4 of the IBC, further rendering the application unsustainable. Case-Laws IBC Mon, 31 Oct 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=460558