https://www.taxtmi.com/caselaws?id=425430 A section 7 Insolvency and Bankruptcy Code application must disclose all material prior orders affecting the creditor's claim, and nondisclosure of an adverse earlier appellate order justified the suppression objection. The appellant, having participated in the earlier company proceedings and being directly affected by rejection of its intervention, had locus to challenge admission. The application was also barred by limitation under Article 137 of the Limitation Act because the alleged default was not supported by any fresh legally cognizable cause of action within three years, and the debt had long been the subject of recovery proceedings. The admission order was set aside and the insolvency petition dismissed with costs. en-us Fri, 22 Jul 2022 00:00:00 +0530 Sat, 23 Jul 2022 11:20:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=425430 A section 7 Insolvency and Bankruptcy Code application must disclose all material prior orders affecting the creditor's claim, and nondisclosure of an adverse earlier appellate order justified the suppression objection. The appellant, having participated in the earlier company proceedings and being directly affected by rejection of its intervention, had locus to challenge admission. The application was also barred by limitation under Article 137 of the Limitation Act because the alleged default was not supported by any fresh legally cognizable cause of action within three years, and the debt had long been the subject of recovery proceedings. The admission order was set aside and the insolvency petition dismissed with costs. Case-Laws Insolvency and Bankruptcy Fri, 22 Jul 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=425430