https://www.taxtmi.com/caselaws?id=301438 An application under Section 9 of the Insolvency and Bankruptcy Code was held to be time-barred because the default was stated to have occurred on 01.04.2015 and the petition was filed on 15.05.2019, beyond the three-year limitation period applied through Article 137 of the Limitation Act. The operational creditor also failed to establish a maintainable claim, because the relied-upon agreement contained unsigned pages and unexplained blanks, no fresh agreement was produced after the corporate debtor's name change, and the invoices lacked signatures or other reliable proof of issuance. On those facts, the insolvency application could not be admitted. en-us Thu, 31 Dec 2020 00:00:00 +0530 Mon, 04 Apr 2022 20:58:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=301438 An application under Section 9 of the Insolvency and Bankruptcy Code was held to be time-barred because the default was stated to have occurred on 01.04.2015 and the petition was filed on 15.05.2019, beyond the three-year limitation period applied through Article 137 of the Limitation Act. The operational creditor also failed to establish a maintainable claim, because the relied-upon agreement contained unsigned pages and unexplained blanks, no fresh agreement was produced after the corporate debtor's name change, and the invoices lacked signatures or other reliable proof of issuance. On those facts, the insolvency application could not be admitted. Case-Laws Insolvency and Bankruptcy Thu, 31 Dec 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=301438