https://www.taxtmi.com/caselaws?id=291936 An application seeking initiation of corporate insolvency resolution process was examined for limitation under the Insolvency and Bankruptcy Code and Article 137 of the Limitation Act. Limitation was treated as running from the date the right to apply accrued, namely the date of default or the last invoice supporting the claim, and not from later email correspondence or the demand notice. On that basis, a petition filed more than three years after the last invoice was held to be beyond time and not entertainable. The later correspondence did not extend the limitation period. en-us Mon, 25 Nov 2019 00:00:00 +0530 Mon, 30 Nov 2020 19:11:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=291936 An application seeking initiation of corporate insolvency resolution process was examined for limitation under the Insolvency and Bankruptcy Code and Article 137 of the Limitation Act. Limitation was treated as running from the date the right to apply accrued, namely the date of default or the last invoice supporting the claim, and not from later email correspondence or the demand notice. On that basis, a petition filed more than three years after the last invoice was held to be beyond time and not entertainable. The later correspondence did not extend the limitation period. Case-Laws Insolvency and Bankruptcy Mon, 25 Nov 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=291936