https://www.taxtmi.com/caselaws?id=290796 An application under section 9 of the Insolvency and Bankruptcy Code, 2016 is governed by Article 137 of the Limitation Act, 1963, so it must be filed within three years from accrual of the right to apply. Where the operational debt arose from invoices due in 2013 and the last admitted payment was made on 30.06.2015, a filing in August 2018 was time-barred. In the absence of a written acknowledgment of liability before expiry of limitation, section 18 of the Limitation Act did not extend time, and a stale debt could not be revived through insolvency proceedings. en-us Thu, 16 Jan 2020 00:00:00 +0530 Fri, 16 Oct 2020 10:51:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=290796 An application under section 9 of the Insolvency and Bankruptcy Code, 2016 is governed by Article 137 of the Limitation Act, 1963, so it must be filed within three years from accrual of the right to apply. Where the operational debt arose from invoices due in 2013 and the last admitted payment was made on 30.06.2015, a filing in August 2018 was time-barred. In the absence of a written acknowledgment of liability before expiry of limitation, section 18 of the Limitation Act did not extend time, and a stale debt could not be revived through insolvency proceedings. Case-Laws Insolvency and Bankruptcy Thu, 16 Jan 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=290796