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2017 (5) TMI 1507 - Tri - Insolvency and BankruptcyInsolvency Resolution process against the Respondent / Corporate Debtor - petition as time barred - Held that:- We are unable to appreciate the arguments advanced by the Ld. Counsel for Operational Creditor. The email dated 07.02.2014, no doubt acknowledges the debt, but extends the period of limitation by three years from that date. The argument that limitation would stand extended from the period when the corporate debtor received their own payments from Senbo Engineering Ltd. i.e. in February, 2015 is misconceived. In view of the above, we find that this petition which was filed on 26.04.2017 is time barred and therefore not a legally recoverable debt.
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