https://www.taxtmi.com/caselaws?id=291997 An insolvency petition under Sections 8 and 9 of the Insolvency and Bankruptcy Code was held time-barred because the default arose from invoices issued in 2015 and the petition was filed more than three years later. Article 137 of the Limitation Act applied to determine limitation from the date of default, and the applicable three-year period had expired. As no sufficient basis for condonation was shown, the claim could not be entertained and the petition was liable to be dismissed. en-us Thu, 17 Oct 2019 00:00:00 +0530 Wed, 13 Nov 2024 12:26:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=291997 An insolvency petition under Sections 8 and 9 of the Insolvency and Bankruptcy Code was held time-barred because the default arose from invoices issued in 2015 and the petition was filed more than three years later. Article 137 of the Limitation Act applied to determine limitation from the date of default, and the applicable three-year period had expired. As no sufficient basis for condonation was shown, the claim could not be entertained and the petition was liable to be dismissed. Case-Laws IBC Thu, 17 Oct 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=291997