https://www.taxtmi.com/caselaws?id=424802 An insolvency application under section 9 of the Insolvency and Bankruptcy Code, 2016 was analysed against Article 137 of the Limitation Act, 1963, which provides a three-year period from the date the right to apply accrues. The claim was based on an MSME Council award dated 20.02.2016, but the application was filed on 13.08.2019, beyond the limitation period. The absence of any challenge to the award did not extend or revive limitation for insolvency proceedings. On that reasoning, the application was held to be barred by limitation and not entertainable. en-us Wed, 29 Jun 2022 00:00:00 +0530 Sat, 09 Jul 2022 08:01:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=424802 An insolvency application under section 9 of the Insolvency and Bankruptcy Code, 2016 was analysed against Article 137 of the Limitation Act, 1963, which provides a three-year period from the date the right to apply accrues. The claim was based on an MSME Council award dated 20.02.2016, but the application was filed on 13.08.2019, beyond the limitation period. The absence of any challenge to the award did not extend or revive limitation for insolvency proceedings. On that reasoning, the application was held to be barred by limitation and not entertainable. Case-Laws Insolvency and Bankruptcy Wed, 29 Jun 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=424802