https://www.taxtmi.com/caselaws?id=426409 A Section 9 IBC insolvency application was found not maintainable because the record showed a pre-existing dispute, including prior notices, a civil suit and pending arbitration when insolvency was invoked. The claim was also held time-barred, as the default date placed the petition beyond limitation and Section 14 of the Limitation Act did not apply where the applicant knew of the arbitral proceedings and could not show bona fide prosecution before another forum. Non-disclosure of material pleadings and proceedings concerning the dispute, suit and arbitration was treated as fatal to the application. en-us Mon, 18 Jul 2022 00:00:00 +0530 Tue, 16 Aug 2022 10:11:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=426409 A Section 9 IBC insolvency application was found not maintainable because the record showed a pre-existing dispute, including prior notices, a civil suit and pending arbitration when insolvency was invoked. The claim was also held time-barred, as the default date placed the petition beyond limitation and Section 14 of the Limitation Act did not apply where the applicant knew of the arbitral proceedings and could not show bona fide prosecution before another forum. Non-disclosure of material pleadings and proceedings concerning the dispute, suit and arbitration was treated as fatal to the application. Case-Laws Insolvency and Bankruptcy Mon, 18 Jul 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=426409