https://www.taxtmi.com/caselaws?id=420020 An uncrystallised claim for refund of training costs with interest was rejected because the entitlement depended on disputed facts about training and the employment arrangement, making it unsuitable for adjudication in a section 9 insolvency proceeding. The alleged salary dues for January and February 2017 were also not established, and the full and final settlement showed no further amount payable. The Tribunal further held that section 9 applications are governed by Article 137 of the Limitation Act, 1963, and the petition, filed more than three years after the alleged default, was time-barred. The insolvency application therefore failed on both merits and limitation, and no CIRP was ordered. en-us Tue, 15 Mar 2022 00:00:00 +0530 Fri, 25 Mar 2022 08:35:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=420020 An uncrystallised claim for refund of training costs with interest was rejected because the entitlement depended on disputed facts about training and the employment arrangement, making it unsuitable for adjudication in a section 9 insolvency proceeding. The alleged salary dues for January and February 2017 were also not established, and the full and final settlement showed no further amount payable. The Tribunal further held that section 9 applications are governed by Article 137 of the Limitation Act, 1963, and the petition, filed more than three years after the alleged default, was time-barred. The insolvency application therefore failed on both merits and limitation, and no CIRP was ordered. Case-Laws Insolvency and Bankruptcy Tue, 15 Mar 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=420020