NCLAT hears appeal challenging Section 9 insolvency application as time-barred, alleging 2014 default.
Appellant contends 2020 letter is invalid acknowledgement as signatory ceased directorship in 2019.
Tribunal issues notice, sets reply/rejoinder schedule, and lists matter for hearing on 18 May 2026.
IRP directed to maintain company as going concern; CoC may continue CIRP with court leave for Form G.