https://www.taxtmi.com/caselaws?id=790771 A Section 7 insolvency application is governed by Article 137 of the Limitation Act, so the three-year period runs from the date of default, not a later reference date. On the stated facts, default was linked to 06.12.2016, making that the relevant starting point for limitation. A later filing remained time-barred even after excluding periods arising from earlier insolvency proceedings and Covid-related suspension of limitation. An Interim Resolution Professional's admission of a claim is only an administrative recording of claims and does not amount to acknowledgment of liability by the corporate debtor under Section 18, nor can it revive an already expired limitation period. en-us Wed, 29 Apr 2026 00:00:00 +0530 Thu, 30 Apr 2026 07:19:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=790771 A Section 7 insolvency application is governed by Article 137 of the Limitation Act, so the three-year period runs from the date of default, not a later reference date. On the stated facts, default was linked to 06.12.2016, making that the relevant starting point for limitation. A later filing remained time-barred even after excluding periods arising from earlier insolvency proceedings and Covid-related suspension of limitation. An Interim Resolution Professional's admission of a claim is only an administrative recording of claims and does not amount to acknowledgment of liability by the corporate debtor under Section 18, nor can it revive an already expired limitation period. Case-Laws IBC Wed, 29 Apr 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=790771