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2022 (1) TMI 160 - 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 - petition is within the limitation or not - HELD THAT:- It is very clear from the perusal of the relevant dates of invoices that none of the invoices are within 3 years prior to the date of filing the above Company Petition on 24.10.2019 and are all barred by limitation - Upon thorough verification from Tribunal records and inward stamp appearing on Company Petition it reveals that the petition was filed on 24.10.2019 and the two invoices admitted to have been within limitation by the Corporate Debtor were also barred by limitation. This Bench has no hesitation in holding that the Company Petition is hopelessly barred by the limitation - Since the Company Petition is dismissed on the ground of limitation, this Bench feels that there is no necessity to make any observations or give findings on the other pleas raised by the Corporate Debtor in their reply. Company Petition is dismissed.
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