https://www.taxtmi.com/caselaws?id=299405 A section 9 Insolvency and Bankruptcy Code application cannot proceed on a debt that is already time-barred. The alleged default arose in 2008, and the office notings relied on as acknowledgment did not extend limitation beyond 1 December 2013; a later challenge to the arbitral award, being itself time-barred, did not revive the claim. A suit filed after the demand notice did not constitute a pre-existing dispute for section 9 purposes, and parallel execution or other proceedings on the arbitral award did not bar insolvency invocation. Despite those objections failing, the application was rejected because the underlying debt was held time-barred. en-us Wed, 18 Mar 2020 00:00:00 +0530 Tue, 14 Dec 2021 08:38:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=299405 A section 9 Insolvency and Bankruptcy Code application cannot proceed on a debt that is already time-barred. The alleged default arose in 2008, and the office notings relied on as acknowledgment did not extend limitation beyond 1 December 2013; a later challenge to the arbitral award, being itself time-barred, did not revive the claim. A suit filed after the demand notice did not constitute a pre-existing dispute for section 9 purposes, and parallel execution or other proceedings on the arbitral award did not bar insolvency invocation. Despite those objections failing, the application was rejected because the underlying debt was held time-barred. Case-Laws Insolvency and Bankruptcy Wed, 18 Mar 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=299405