https://www.taxtmi.com/caselaws?id=405657 A Section 9 Insolvency and Bankruptcy Code application was found to be time-barred because it was filed beyond three years from the date the right to apply accrued, with limitation governed by Article 137 of the Limitation Act, 1963. The alleged acknowledgment was not accepted to extend limitation, as Section 18 of the Limitation Act was treated as inapplicable to such insolvency proceedings. The claim was also held to be disputed because the record showed contested facts about acknowledgment, invoices, and alleged return of materials, raising issues unsuitable for summary insolvency adjudication. The petition therefore could not be sustained in summary jurisdiction. en-us Fri, 05 Mar 2021 00:00:00 +0530 Thu, 25 Mar 2021 09:31:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=405657 A Section 9 Insolvency and Bankruptcy Code application was found to be time-barred because it was filed beyond three years from the date the right to apply accrued, with limitation governed by Article 137 of the Limitation Act, 1963. The alleged acknowledgment was not accepted to extend limitation, as Section 18 of the Limitation Act was treated as inapplicable to such insolvency proceedings. The claim was also held to be disputed because the record showed contested facts about acknowledgment, invoices, and alleged return of materials, raising issues unsuitable for summary insolvency adjudication. The petition therefore could not be sustained in summary jurisdiction. Case-Laws Insolvency and Bankruptcy Fri, 05 Mar 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=405657