https://www.taxtmi.com/caselaws?id=302746 Limitation for a Section 7 Insolvency and Bankruptcy Code application runs from the date of default under Article 137 of the Limitation Act. A later one-time settlement, restructuring attempt, or negotiated proposal that fails does not create a fresh cause of action or extend limitation, and a continuing cause of action argument cannot displace the original default date. On that basis, the insolvency application remained time-barred, and the challenge to the dismissal order failed. en-us Wed, 04 Nov 2020 00:00:00 +0530 Wed, 15 Jun 2022 20:58:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=302746 Limitation for a Section 7 Insolvency and Bankruptcy Code application runs from the date of default under Article 137 of the Limitation Act. A later one-time settlement, restructuring attempt, or negotiated proposal that fails does not create a fresh cause of action or extend limitation, and a continuing cause of action argument cannot displace the original default date. On that basis, the insolvency application remained time-barred, and the challenge to the dismissal order failed. Case-Laws Insolvency and Bankruptcy Wed, 04 Nov 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=302746