https://www.taxtmi.com/caselaws?id=296728 An application under Section 7 of the Insolvency and Bankruptcy Code is subject to Article 137 of the Limitation Act, with limitation running from the date of default. Where the default is more than three years old, the application is barred unless delay can be condoned on the facts under Section 5 of the Limitation Act. On the admitted chronology described, the claim was beyond time, and the application was dismissed as hopelessly time-barred. en-us Wed, 05 Aug 2020 00:00:00 +0530 Thu, 05 Aug 2021 08:43:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=296728 An application under Section 7 of the Insolvency and Bankruptcy Code is subject to Article 137 of the Limitation Act, with limitation running from the date of default. Where the default is more than three years old, the application is barred unless delay can be condoned on the facts under Section 5 of the Limitation Act. On the admitted chronology described, the claim was beyond time, and the application was dismissed as hopelessly time-barred. Case-Laws Insolvency and Bankruptcy Wed, 05 Aug 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=296728