https://www.taxtmi.com/caselaws?id=796930 Section 9 insolvency limitation runs separately from the date each operational debt becomes due and payable and default occurs. Continued subsistence of an EPC contract does not create a continuing cause of action for accrued defaults, and creditor-issued legal notices cannot extend limitation without the debtor's written acknowledgment. Consequently, an insolvency application filed more than three years after default is time-barred. Contractual milestone payments for goods and works qualify as operational debt, while unadjudicated suspension, idling and demobilisation damages do not. An EPC contract does not end merely through suspension or efflux of time where termination remains elective and no supervening impossibility exists. A genuine pre-existing dispute requires contemporaneous evidence; silence until the insolvency application does not establish one. en-us Wed, 12 Aug 2026 00:00:00 +0530 Thu, 13 Aug 2026 10:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=796930 Section 9 insolvency limitation runs separately from the date each operational debt becomes due and payable and default occurs. Continued subsistence of an EPC contract does not create a continuing cause of action for accrued defaults, and creditor-issued legal notices cannot extend limitation without the debtor's written acknowledgment. Consequently, an insolvency application filed more than three years after default is time-barred. Contractual milestone payments for goods and works qualify as operational debt, while unadjudicated suspension, idling and demobilisation damages do not. An EPC contract does not end merely through suspension or efflux of time where termination remains elective and no supervening impossibility exists. A genuine pre-existing dispute requires contemporaneous evidence; silence until the insolvency application does not establish one. Case-Laws IBC Wed, 12 Aug 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=796930