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2020 (2) TMI 1475 - SCH - Insolvency and BankruptcyMaintainability of application - initiation of CIRP - Corporate Debtor failed to make repayment of its dues - existence of debt and dispute or not - application dismissed on the ground that the documents which were placed on record indicated that there was prior dispute as well as on the ground of limitation and laches - HELD THAT:- The issue of limitation and other issues have not been adverted to in detail by the NCLAT. It was incumbent upon the NCLAT, while reversing the order, to revert to the reasonings employed by the NCLT in its order, which has not been done. Let NCLAT consider all the documents, which were placed on record and reasons given by NCLT and thereafter render a reasoned decision, in accordance with law. The impugned order passed by NCLAT is set aside. We request the NCLAT to decide the matter afresh unfettered by any observation made in this order or in the order passed by it earlier. Let the decision of the appeal be expedited. Appeal allowed - decided in favor of appellant.
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