https://www.taxtmi.com/caselaws?id=301232 A claim for the interest component in insolvency proceedings was found time-barred because the default and first demand arose on 21.12.2010, and the claim was pursued beyond the three-year limitation period under Article 137 of the Limitation Act, 1963. The later payment relied on by the claimant did not revive limitation under Section 19 of the Limitation Act, 1963. The Tribunal therefore rejected the interest claim as barred by limitation and noted that the resolution professional should have examined limitation when processing the claim. en-us Thu, 08 Oct 2020 00:00:00 +0530 Tue, 18 Apr 2023 12:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=301232 A claim for the interest component in insolvency proceedings was found time-barred because the default and first demand arose on 21.12.2010, and the claim was pursued beyond the three-year limitation period under Article 137 of the Limitation Act, 1963. The later payment relied on by the claimant did not revive limitation under Section 19 of the Limitation Act, 1963. The Tribunal therefore rejected the interest claim as barred by limitation and noted that the resolution professional should have examined limitation when processing the claim. Case-Laws Insolvency and Bankruptcy Thu, 08 Oct 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=301232