https://www.taxtmi.com/caselaws?id=408519 A Section 7 IBC application must be supported by a pleaded and legally sustainable date of default, and limitation cannot be extended merely because recovery proceedings or recovery certificates exist. The record showed no sufficient material to establish filing within three years of the right to apply, and no balance sheet or other acknowledged writing was produced to invoke Section 18 of the Limitation Act or justify exclusion of time. The application was therefore held time-barred and liable to rejection on limitation. en-us Tue, 01 Jun 2021 00:00:00 +0530 Mon, 14 Jun 2021 09:08:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=408519 A Section 7 IBC application must be supported by a pleaded and legally sustainable date of default, and limitation cannot be extended merely because recovery proceedings or recovery certificates exist. The record showed no sufficient material to establish filing within three years of the right to apply, and no balance sheet or other acknowledged writing was produced to invoke Section 18 of the Limitation Act or justify exclusion of time. The application was therefore held time-barred and liable to rejection on limitation. Case-Laws Insolvency and Bankruptcy Tue, 01 Jun 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=408519