Application u/s. 9 of IBC after three years of MSME Council Awards is barred by limitation

Haabia Resoureces Private Limited Vs Vidyut Metallices Prive Limited (NCLT Mumbai) NCLT Mumbai held that application u/s. 9 of the Insolvency and Bankruptcy Code [IBC] after three years of MSME Council Awards is beyond limitation as per Article 137 of the Limitation Act. Accordingly, application dismissed as barred by limitation. Facts- This application was filed on 23.03.2022 u/s. 9 of the Insolvency and Bankruptcy Code, 2016 (IBC) read with Rule 6 of the Insolvency and Bankruptcy (Application to Adjudicating Authority) Rules, 2016 (AAA Rules) by Haabia Resources Private Limited, the Operatio...