https://www.taxtmi.com/caselaws?id=385943 For an application under Section 7 of the Insolvency and Bankruptcy Code, limitation runs from the date of default under Article 137 of the Limitation Act. The doctrine of continuing wrong under Section 23 applies only where the wrongful act itself continues to create a fresh source of injury; it does not cover the continuing consequences of a completed wrong. On the stated facts, issuance of the Recovery Certificate completed the injury and did not extend limitation. The application was therefore treated as time-barred, and the admitted insolvency orders were set aside. en-us Mon, 02 Sep 2019 00:00:00 +0530 Fri, 03 Sep 2021 12:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=385943 For an application under Section 7 of the Insolvency and Bankruptcy Code, limitation runs from the date of default under Article 137 of the Limitation Act. The doctrine of continuing wrong under Section 23 applies only where the wrongful act itself continues to create a fresh source of injury; it does not cover the continuing consequences of a completed wrong. On the stated facts, issuance of the Recovery Certificate completed the injury and did not extend limitation. The application was therefore treated as time-barred, and the admitted insolvency orders were set aside. Case-Laws Insolvency and Bankruptcy Mon, 02 Sep 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=385943