https://www.taxtmi.com/caselaws?id=396783 An application under section 9 of the Insolvency and Bankruptcy Code, 2016 was found to be barred by limitation because the admitted date of default was 8 July 2013 and no subsequent acknowledgment or other legally recognised extension of time was shown. The Tribunal applied article 137 of the Limitation Act, 1963 to insolvency applications and treated the three-year period as having expired before the petition was filed. It also noted that commencement of the Code or later proceedings does not revive a time-barred claim. The application was therefore dismissed as time-barred. en-us Tue, 29 Oct 2019 00:00:00 +0530 Mon, 20 Jul 2020 13:22:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=396783 An application under section 9 of the Insolvency and Bankruptcy Code, 2016 was found to be barred by limitation because the admitted date of default was 8 July 2013 and no subsequent acknowledgment or other legally recognised extension of time was shown. The Tribunal applied article 137 of the Limitation Act, 1963 to insolvency applications and treated the three-year period as having expired before the petition was filed. It also noted that commencement of the Code or later proceedings does not revive a time-barred claim. The application was therefore dismissed as time-barred. Case-Laws Insolvency and Bankruptcy Tue, 29 Oct 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=396783