https://www.taxtmi.com/caselaws?id=407432 Applications under Section 9 of the Insolvency and Bankruptcy Code, 2016 are governed by Article 137 of the Limitation Act, 1963. Where the operational debt default is more than three years old and no application for condonation of delay is filed, the insolvency petition is barred by limitation and not maintainable. On the facts noted, the last payment was received in February 2016 and the application was filed in October 2019, so the NCLT dismissed it at the threshold and no corporate insolvency resolution process was initiated. en-us Tue, 27 Apr 2021 00:00:00 +0530 Tue, 11 May 2021 08:36:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=407432 Applications under Section 9 of the Insolvency and Bankruptcy Code, 2016 are governed by Article 137 of the Limitation Act, 1963. Where the operational debt default is more than three years old and no application for condonation of delay is filed, the insolvency petition is barred by limitation and not maintainable. On the facts noted, the last payment was received in February 2016 and the application was filed in October 2019, so the NCLT dismissed it at the threshold and no corporate insolvency resolution process was initiated. Case-Laws Insolvency and Bankruptcy Tue, 27 Apr 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=407432