https://www.taxtmi.com/caselaws?id=351831 An application for initiation of corporate insolvency resolution process under section 9 was held not to be barred by limitation, because Article 137 of the Limitation Act applied and the right to apply was treated as accruing from the date the Code came into force. The earlier commercial dispute did not, by itself, make the claim time-barred within the statutory three-year period. The prior withdrawal of arbitration, sought with liberty to pursue fresh interim relief and leaving no live arbitral dispute, also did not justify rejection of the insolvency application. The dismissal order was set aside and the matter remitted for admission on notice and hearing. en-us Tue, 17 Oct 2017 00:00:00 +0530 Wed, 03 Jan 2018 11:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=351831 An application for initiation of corporate insolvency resolution process under section 9 was held not to be barred by limitation, because Article 137 of the Limitation Act applied and the right to apply was treated as accruing from the date the Code came into force. The earlier commercial dispute did not, by itself, make the claim time-barred within the statutory three-year period. The prior withdrawal of arbitration, sought with liberty to pursue fresh interim relief and leaving no live arbitral dispute, also did not justify rejection of the insolvency application. The dismissal order was set aside and the matter remitted for admission on notice and hearing. Case-Laws Insolvency and Bankruptcy Tue, 17 Oct 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=351831