https://www.taxtmi.com/caselaws?id=407940 Limitation for a Section 9 IBC application is governed by Article 137 of the Limitation Act, read with Section 238A of the IBC, and must be computed from a legally sustainable date of default. Where the operational creditor relied on shifting or multiple default dates, the Tribunal treated the later date as unsustainable and held that the invoices on record did not justify altering the default date to save limitation. A demand notice issued without annexing the supporting invoices was found defective, and the defect could not be cured at the admission stage under Section 9(5)(ii). en-us Fri, 30 Apr 2021 00:00:00 +0530 Thu, 27 May 2021 08:34:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=407940 Limitation for a Section 9 IBC application is governed by Article 137 of the Limitation Act, read with Section 238A of the IBC, and must be computed from a legally sustainable date of default. Where the operational creditor relied on shifting or multiple default dates, the Tribunal treated the later date as unsustainable and held that the invoices on record did not justify altering the default date to save limitation. A demand notice issued without annexing the supporting invoices was found defective, and the defect could not be cured at the admission stage under Section 9(5)(ii). Case-Laws Insolvency and Bankruptcy Fri, 30 Apr 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=407940