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2019 (12) TMI 1399 - 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 date of default mentioned in the Petition is 01.04.2015 - This claim pertains to transactions in the year 2012-13. The date of default mentioned in the Petition is 01.04.2015. However, this is of no material significance because even if we assume the date of default to be 01.04.2015, the question of limitation has to be considered. It is not the case of the Operational Creditor that any acknowledgement of liability has been made by the Corporate Debtor or that any payment has been received within the period of limitation, in which case the applicability of section 18 or section 19 of the Limitation Act, 1963, may have a bearing. Since the petition itself is outside the period of limitation, we refrain from going into the merits of the matter at this stage - application rejected.
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