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2018 (9) TMI 1998 - AT - Insolvency and BankruptcyMaintainability of application - initiation of CIRP - Corporate Debtor failed to make repayment of its dues - time limitation - HELD THAT:- The Insolvency and Bankruptcy Code, 2016 having come into force on 1st December, 2016 and as per Article 137 (Part II) of the Limitation Act, 1963, the application preferred within three years from the date of right to apply accrues. This apart, it is also found that there is continuous cause of action as the appellant has claimed the interest since the default, it cannot be held to be barred by limitation. Appeal dismissed.
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