https://www.taxtmi.com/caselaws?id=786591 An insolvency application under Section 7 of the Insolvency and Bankruptcy Code was treated as within limitation because the filing fell within the Supreme Court's Covid-19 limitation extension, and the later failure of the award challenge further negatived any plea of staleness. A debt founded on the memorandum of understanding and supported by an arbitral award, which had been upheld in challenge proceedings and remained operative and executable, was treated as a financial debt. On that basis, the insolvency admission was sustained and no ground was found to interfere with the admission order. en-us Fri, 29 Aug 2025 00:00:00 +0530 Mon, 16 Feb 2026 09:13:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=786591 An insolvency application under Section 7 of the Insolvency and Bankruptcy Code was treated as within limitation because the filing fell within the Supreme Court's Covid-19 limitation extension, and the later failure of the award challenge further negatived any plea of staleness. A debt founded on the memorandum of understanding and supported by an arbitral award, which had been upheld in challenge proceedings and remained operative and executable, was treated as a financial debt. On that basis, the insolvency admission was sustained and no ground was found to interfere with the admission order. Case-Laws IBC Fri, 29 Aug 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=786591