https://www.taxtmi.com/caselaws?id=291645 An application under Section 7 of the Insolvency and Bankruptcy Code is governed by Article 137 of the Limitation Act, which fixes a three-year period from the date the right to apply accrues, ordinarily the date of default. On the stated facts, the last relevant payment was made on 29.12.2015 and the application was filed in August 2019, so it fell outside the limitation period. The application was therefore barred by limitation and could not be entertained, subject only to any legally permissible condonation. en-us Mon, 09 Dec 2019 00:00:00 +0530 Fri, 20 Nov 2020 12:08:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=291645 An application under Section 7 of the Insolvency and Bankruptcy Code is governed by Article 137 of the Limitation Act, which fixes a three-year period from the date the right to apply accrues, ordinarily the date of default. On the stated facts, the last relevant payment was made on 29.12.2015 and the application was filed in August 2019, so it fell outside the limitation period. The application was therefore barred by limitation and could not be entertained, subject only to any legally permissible condonation. Case-Laws Insolvency and Bankruptcy Mon, 09 Dec 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=291645