https://www.taxtmi.com/caselaws?id=300746 An application under Section 7 of the Insolvency and Bankruptcy Code was held time-barred because limitation under Article 137 of the Limitation Act ran from the date of default. Classification of the account as a non-performing asset did not extend limitation, and later steps under the SARFAESI Act and proceedings before the Debt Recovery Tribunal were not treated as saving time. As the application was filed in 2019, it was beyond the three-year period and was dismissed as barred by limitation. en-us Thu, 25 Feb 2021 00:00:00 +0530 Tue, 22 Feb 2022 20:32:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=300746 An application under Section 7 of the Insolvency and Bankruptcy Code was held time-barred because limitation under Article 137 of the Limitation Act ran from the date of default. Classification of the account as a non-performing asset did not extend limitation, and later steps under the SARFAESI Act and proceedings before the Debt Recovery Tribunal were not treated as saving time. As the application was filed in 2019, it was beyond the three-year period and was dismissed as barred by limitation. Case-Laws Insolvency and Bankruptcy Thu, 25 Feb 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=300746