CIRP Application Rejected: Filed Beyond 3-Year Limit After NPA Declaration on April 30, 2013 Under IBC Section 7.

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....Admissibility of application for initiation of CIRP - time limitation - the account was declared as NPA on 30-4-2013, whereas the present petition under section 7 of the I&B Code was filed on 12-9-2018, which was filed beyond three years. As such the present application is liable to be rejected.....