CIRP Application Proceeding as Arbitral Award Challenge Dismissed; Filed Within Limitation Period, Adjudicating Authority to Act Per Law.

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....Maintainability of application - initiation of CIRP - In the instant case, the challenge to the Arbitral Award was dismissed on 06.10.2018, and hence has attained finality, the part payment was made on 31.03.2016 and therefore the Application filed on 04.06.2019 is not barred by Limitation. - The Learned Adjudicating Authority shall proceed in accordance with law keeping in view the timelines under the Code - Appeal allowed - AT....