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2019 (12) TMI 1391 - Tri - Insolvency and BankruptcyMaintainability of application - initiation of CIRP - Corporate Debtor failed to make repayment of its dues - existence of debt and dispute or not - Time Limitation - HELD THAT:- The petition is barred by limitation. The Tribunal observed that "The right to sue" expired in the year 2018 as the last installment of the unsecured loan was made on 29.12.2015. Hence, the present petition being filed in August, 2019 is barred by limitation, not being within three years from the date of the cause of action. This Bench is of the view that the prayer for initiating Corporate Insolvency Resolution process against the Corporate Debtor is not sustainable as the present application is barred by limitation - Petition dismissed.
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