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2020 (3) TMI 664 - Tri - Insolvency and BankruptcyMaintainability of application - initiation of CIRP - Corporate Debtor failed to make repayment of its debt - existence of debt and dispute or not - HELD THAT:- There is no proof of any acknowledgement of liability on the part of the Corporate Debtor or any payment made by the Corporate Debtor within the limitation period that may have the effect of extending the period of limitation within the meaning of section 18 or section 19, as the case may be, of the Limitation Act, 1963. The dates of default in respect of the five invoices range between 29.03.2014 and 13.08.2014. Even if we take the last of the dates, i.e., 13.08.2014, the three-year limitation in terms of article 137 of the Limitation Act, 1963, for filing the present proceeding ended on 12.08.2017, while the present petition was filed on 15.05.2018. This Petition is barred by limitation - Petition dismissed.
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