https://www.taxtmi.com/caselaws?id=274390 The Tribunal dismissed the petition as the claim was found to be time-barred, having been filed beyond the three-year limitation period. The Tribunal emphasized the significance of adhering to limitation periods, citing relevant case law and highlighting the principle that the law does not support those who delay asserting their rights. The Tribunal concluded that the Limitation Act, 1963 applies to insolvency proceedings under the Insolvency and Bankruptcy Code, 2016, and that Section 238 of the IBC does not override the Limitation Act in the absence of a conflict between the two laws. en-us Thu, 25 May 2017 00:00:00 +0530 Sat, 11 Aug 2018 07:54:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=274390 The Tribunal dismissed the petition as the claim was found to be time-barred, having been filed beyond the three-year limitation period. The Tribunal emphasized the significance of adhering to limitation periods, citing relevant case law and highlighting the principle that the law does not support those who delay asserting their rights. The Tribunal concluded that the Limitation Act, 1963 applies to insolvency proceedings under the Insolvency and Bankruptcy Code, 2016, and that Section 238 of the IBC does not override the Limitation Act in the absence of a conflict between the two laws. Case-Laws Companies Law Thu, 25 May 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=274390