https://www.taxtmi.com/caselaws?id=394246 A section 7 insolvency application is ordinarily governed by Article 137 of the Limitation Act, with limitation running from the date of default; Article 62 applies to enforcement of mortgage rights and not to such insolvency proceedings. On that view, a default on 30-6-2012 made a petition filed on 15-9-2017 time-barred, while the other view treated recovery proceedings, rescheduling, and later settlement conduct as relevant to limitation. The members differed on whether those subsequent proceedings or acknowledgements saved or extended limitation, and no clear majority emerged on maintainability on limitation grounds. en-us Wed, 01 Jan 2020 00:00:00 +0530 Mon, 06 Apr 2020 12:20:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=394246 A section 7 insolvency application is ordinarily governed by Article 137 of the Limitation Act, with limitation running from the date of default; Article 62 applies to enforcement of mortgage rights and not to such insolvency proceedings. On that view, a default on 30-6-2012 made a petition filed on 15-9-2017 time-barred, while the other view treated recovery proceedings, rescheduling, and later settlement conduct as relevant to limitation. The members differed on whether those subsequent proceedings or acknowledgements saved or extended limitation, and no clear majority emerged on maintainability on limitation grounds. Case-Laws Insolvency and Bankruptcy Wed, 01 Jan 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=394246