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2021 (5) TMI 138 - Tri - Insolvency and BankruptcyMaintainability of application - initiation of CIRP - Corporate debtor failed to make repayment of its dues - Operational Creditors - existence of debt and dispute or not - time limitation - HELD THAT:- On perusal of the records, it is found that the instant petition was filed on 17.02.2020. A copy of the ledger account has been attached where the last payment has been received through Bank for a sum of ₹ 5,03,366/- on 17.04.2013. The balance confirmation is a letter dated 7th September 2019. In the present case, the last date of the transaction is 17.04.2013 and Balance confirmation is given on 07.09.2019 i.e., beyond the period of 3 years from 17.04.2013. Hence, the claim is barred by the Law of Limitation. Petition dismissed.
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