https://www.taxtmi.com/caselaws?id=301312 An application under section 7 of the Insolvency and Bankruptcy Code was held to be within limitation because the debt had been reduced to a recovery order by the DRT on 06.11.2017, and the section 7 application was filed on 05.06.2018. Applying the three-year period under Article 137 of the Limitation Act, the tribunal treated the DRT order date as the point when the debt became due and payable. The limitation objection was therefore rejected, and the application was found maintainable. en-us Mon, 28 Oct 2019 00:00:00 +0530 Sat, 26 Mar 2022 08:58:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=301312 An application under section 7 of the Insolvency and Bankruptcy Code was held to be within limitation because the debt had been reduced to a recovery order by the DRT on 06.11.2017, and the section 7 application was filed on 05.06.2018. Applying the three-year period under Article 137 of the Limitation Act, the tribunal treated the DRT order date as the point when the debt became due and payable. The limitation objection was therefore rejected, and the application was found maintainable. Case-Laws Insolvency and Bankruptcy Mon, 28 Oct 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=301312