https://www.taxtmi.com/caselaws?id=286086 For proceedings under the Insolvency and Bankruptcy Code, 2016, the Limitation Act, 1963 applies, and a Section 9 application filed within three years from the accrual of the right to apply after 1 December 2016 is not time-barred. On the debt dispute, earlier admission of liability, part payments, and the absence of any substantiated reply were treated as sufficient to show an unpaid operational debt and continuing default. On that basis, the limitation objection failed, default was established, and the petition was admitted with commencement of CIRP, appointment of an interim resolution professional, and imposition of moratorium. en-us Mon, 09 Jul 2018 00:00:00 +0530 Wed, 12 Feb 2020 07:58:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=286086 For proceedings under the Insolvency and Bankruptcy Code, 2016, the Limitation Act, 1963 applies, and a Section 9 application filed within three years from the accrual of the right to apply after 1 December 2016 is not time-barred. On the debt dispute, earlier admission of liability, part payments, and the absence of any substantiated reply were treated as sufficient to show an unpaid operational debt and continuing default. On that basis, the limitation objection failed, default was established, and the petition was admitted with commencement of CIRP, appointment of an interim resolution professional, and imposition of moratorium. Case-Laws Insolvency and Bankruptcy Mon, 09 Jul 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=286086