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2018 (8) TMI 1871 - Tri - Insolvency and BankruptcyMaintainability of petition - Initiation of Corporate Insolvency Resolution Process - Time limitation - Corporate Debtor - inability to liquidate its outstanding dues - Section 9 of Insolvency Bankruptcy Code - HELD THAT:- The submissions made by the Corporate Debtor in respect of limitation do not merit any consideration as various amounts have been paid to reduce the liability in the court at Gurgaon. Payments have been made on adhoc basis and not invoice wise. Payments have also been made during the period of Limitation thereby extending the same from time to time. As noted above, the last payment made in acknowledgment of the existing debt was on 18.03.2016, therefore the aforesaid amount is legally recoverable. In the absence of any real dispute, the prayer of the operational Creditor has to be admitted. Petition admitted - moratorium declared.
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