https://www.taxtmi.com/caselaws?id=431797 Article 137 of the Limitation Act, 1963 governs a Section 7 application under the Insolvency and Bankruptcy Code, so limitation runs from when the right to apply accrues and the twelve-year period under Article 62 for mortgaged debt does not apply. A later Debt Recovery Tribunal recovery certificate or final adjudication can, however, create a fresh cause of action for insolvency proceedings, and an application filed after such certificate was within time. The limitation objection therefore failed, and the Section 7 application was not time-barred. en-us Tue, 20 Dec 2022 00:00:00 +0530 Thu, 22 Dec 2022 08:42:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=431797 Article 137 of the Limitation Act, 1963 governs a Section 7 application under the Insolvency and Bankruptcy Code, so limitation runs from when the right to apply accrues and the twelve-year period under Article 62 for mortgaged debt does not apply. A later Debt Recovery Tribunal recovery certificate or final adjudication can, however, create a fresh cause of action for insolvency proceedings, and an application filed after such certificate was within time. The limitation objection therefore failed, and the Section 7 application was not time-barred. Case-Laws Insolvency and Bankruptcy Tue, 20 Dec 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=431797