https://www.taxtmi.com/caselaws?id=386251 An application under Section 7 of the Insolvency and Bankruptcy Code, 2016 is governed by the residuary Article 137 of the Limitation Act, 1963, not Article 62, because Article 62 applies only to suits to enforce payment of money secured by mortgage or charge upon immovable property. Limitation under Article 137 begins when the right to apply accrues, and the Code does not revive debts already time-barred. On the facts noted, the date of default was 21.07.2011 and the Section 7 application filed in 2017 was beyond limitation. en-us Wed, 18 Sep 2019 00:00:00 +0530 Mon, 21 Jul 2025 10:36:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=386251 An application under Section 7 of the Insolvency and Bankruptcy Code, 2016 is governed by the residuary Article 137 of the Limitation Act, 1963, not Article 62, because Article 62 applies only to suits to enforce payment of money secured by mortgage or charge upon immovable property. Limitation under Article 137 begins when the right to apply accrues, and the Code does not revive debts already time-barred. On the facts noted, the date of default was 21.07.2011 and the Section 7 application filed in 2017 was beyond limitation. Case-Laws Indian Laws Wed, 18 Sep 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=386251