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2019 (1) TMI 1316 - Tri - Insolvency and BankruptcyCorporate Insolvency Resolution Process - proof of debt payable - Held that:- Debt in question is not only in serious dispute, but it is also barred by laches and limitation, and the petitioner, in fact seeking recovery of alleged debt under the provisions of code. We have gone through the citations given by the learned Counsel for the Petitioner, and found that ratio given in those judgments is not applicable to the facts and circumstances of the instant case. Therefore, it is not a fit case to initiate CIRP as prayed for, and thus it is liable to be rejected.
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