https://www.taxtmi.com/caselaws?id=403654 The Tribunal dismissed the application under Section 9 of the IBC, 2016, citing it was barred by limitation, as it was filed beyond the three-year period prescribed under Article 137 of the Limitation Act, 1963. Additionally, the Tribunal identified a pre-existing dispute between the parties, which invalidated the insolvency application. The Operational Creditor failed to substantiate the claimed amount and did not comply with contract terms. Consequently, CP(IB) No. 748/09/HDB/2019 was rejected with no order as to costs. en-us Mon, 21 Sep 2020 00:00:00 +0530 Wed, 30 Oct 2024 14:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=403654 The Tribunal dismissed the application under Section 9 of the IBC, 2016, citing it was barred by limitation, as it was filed beyond the three-year period prescribed under Article 137 of the Limitation Act, 1963. Additionally, the Tribunal identified a pre-existing dispute between the parties, which invalidated the insolvency application. The Operational Creditor failed to substantiate the claimed amount and did not comply with contract terms. Consequently, CP(IB) No. 748/09/HDB/2019 was rejected with no order as to costs. Case-Laws IBC Mon, 21 Sep 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=403654