Applications u/ss 7 & 9 of Insolvency Code must be filed within 3 years of default per Limitation Act.

Insolvency process - Limitation Act is applicable to applications filed under Sections 7 and 9 of the Code - The right to sue accrues when a default occurs. If the default has occurred over three years prior to the date of filing of the application, the application can be rejected unless condoned in deserving cases. .....

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