https://www.taxtmi.com/caselaws?id=398769 A Section 9 IBC petition was held time-barred because the right to apply accrued in July 2012 and the three-year period under Article 137 had expired before filing. The Tribunal held that Section 5 of the Limitation Act could not be invoked to condone delay where the application was governed by a specific limitation framework, and only statutory exclusions could be considered. Section 14 also did not assist, because even after excluding the time spent in the earlier company petition, the filing remained beyond the permissible period. The application for condonation was rejected and the petition was held not maintainable. en-us Tue, 25 Feb 2020 00:00:00 +0530 Mon, 15 Nov 2021 13:02:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=398769 A Section 9 IBC petition was held time-barred because the right to apply accrued in July 2012 and the three-year period under Article 137 had expired before filing. The Tribunal held that Section 5 of the Limitation Act could not be invoked to condone delay where the application was governed by a specific limitation framework, and only statutory exclusions could be considered. Section 14 also did not assist, because even after excluding the time spent in the earlier company petition, the filing remained beyond the permissible period. The application for condonation was rejected and the petition was held not maintainable. Case-Laws Insolvency and Bankruptcy Tue, 25 Feb 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=398769