https://www.taxtmi.com/caselaws?id=309215 A section 9 IBC application was barred by limitation where the date of default was in November 2011 and the petition was filed only in August 2018; later correspondence did not extend limitation. The record also showed a genuine pre-existing dispute, including allegations of loss of production, contractual non-compliance, BIFR proceedings, and a request to await restructuring and payment of old bills. As both limitation and prior dispute were established, the insolvency application was not maintainable and rejection was upheld. en-us Thu, 19 Dec 2019 00:00:00 +0530 Thu, 17 Aug 2023 21:49:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=309215 A section 9 IBC application was barred by limitation where the date of default was in November 2011 and the petition was filed only in August 2018; later correspondence did not extend limitation. The record also showed a genuine pre-existing dispute, including allegations of loss of production, contractual non-compliance, BIFR proceedings, and a request to await restructuring and payment of old bills. As both limitation and prior dispute were established, the insolvency application was not maintainable and rejection was upheld. Case-Laws Insolvency and Bankruptcy Thu, 19 Dec 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=309215