https://www.taxtmi.com/caselaws?id=775015 An intervention claim in voluntary liquidation was held time-barred where it was raised only in 2019 on the basis of an invoice and earlier correspondence, despite the liquidator having called for claims in 2018 with a last date of 07.03.2018. The three-year period under Article 137 of the Limitation Act had expired, so the claim could not be entertained. The intervention was also impermissible after the liquidator had completed the prescribed liquidation steps, distributed proceeds, closed the liquidation account, and filed the final report before dissolution under Section 59(7) of the Insolvency and Bankruptcy Code. A claim not filed within the statutory time and sought only after substantial completion of liquidation should not be admitted. en-us Wed, 16 Jul 2025 00:00:00 +0530 Fri, 18 Jul 2025 08:22:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=775015 An intervention claim in voluntary liquidation was held time-barred where it was raised only in 2019 on the basis of an invoice and earlier correspondence, despite the liquidator having called for claims in 2018 with a last date of 07.03.2018. The three-year period under Article 137 of the Limitation Act had expired, so the claim could not be entertained. The intervention was also impermissible after the liquidator had completed the prescribed liquidation steps, distributed proceeds, closed the liquidation account, and filed the final report before dissolution under Section 59(7) of the Insolvency and Bankruptcy Code. A claim not filed within the statutory time and sought only after substantial completion of liquidation should not be admitted. Case-Laws IBC Wed, 16 Jul 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=775015