https://www.taxtmi.com/caselaws?id=462775 The NCLT dismissed a financial creditor's application under Section 7 of IBC for initiating Corporate Insolvency Resolution Process against a corporate debtor. The tribunal found the application was filed beyond the limitation period, as the decree was passed on 10.08.2015 with default occurring on 07.04.2016. The court noted that execution proceedings for the HC decree were already pending and emphasized that NCLT cannot function as an executive court. The application was held non-maintainable and dismissed. en-us Mon, 24 Apr 2023 00:00:00 +0530 Tue, 15 Jul 2025 19:09:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=462775 The NCLT dismissed a financial creditor's application under Section 7 of IBC for initiating Corporate Insolvency Resolution Process against a corporate debtor. The tribunal found the application was filed beyond the limitation period, as the decree was passed on 10.08.2015 with default occurring on 07.04.2016. The court noted that execution proceedings for the HC decree were already pending and emphasized that NCLT cannot function as an executive court. The application was held non-maintainable and dismissed. Case-Laws IBC Mon, 24 Apr 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=462775