Intervention application under IBC filed beyond three years is time barred

Nextgen Procon Pvt. Ltd. Vs M.R.A Associates Pvt. Ltd. (NCLAT Delhi) NCLAT Delhi held that application for intervention filed under section 59(7) of the Insolvency and Bankruptcy Code, 2016 [IBC] beyond the period of limitation of three years is time barred. Facts- This appeal is filed by the Corporate Person through its liquidator to challenge the order dated 06.08.2024 passed by the NCLT, New Delhi by which an application filed by the Respondent under Section 60(5) of the Insolvency and Bankruptcy Code, 2016 bearing CA No. 672 of 2019 for intervention in the proceedings initiated under Secti...