2019 (9) TMI 1661

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....kruptcy<br>Madan B Gosavi, Member (J) and Virendra Kumar Gupta, Member (T) For the Operational Creditor : Urmila Chakraborty, Advocate, Ms. Ankita Mukherjee, Advocate, Mr. Abir Sarkar, Advocate ORDER Virendra Kumar Gupta, Member (Technical) This petition has been filed under Sec.9 of the Insolvency & Bankruptcy Code, 2016 by the operational creditor, viz., Quippo Infrastructure Limited....

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....attention to relevant pages of the Paper Book containing copies of agreement and correspondences relating to release of funds. On query from the Bench regarding maintainability of this petition on account of debt being barred by limitation, it was submitted that the last payment of Rs.50,000/- had been received in March 2016, hence, limitation to be counted from that date. Accordingly, the petitio....

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....e petition was liable to be dismissed. 6. Ld. Counsel further pleaded that the impugned claim was barred by limitation and for this, the petition also is liable to be dismissed. 7. We have considered the submissions made by both the sides and have perused the materials on record. As per provision of Sec.8(1) of Insolvency and Bankruptcy Code, 2016, an operational creditor on occurrence of a ....