Corporation Bank filed an appeal against the dismissal of its application under Section 7 of the Insolvency and Bankruptcy Code, 2016 (IBC). The application was filed as a Financial Creditor against Uluberia Metaliks Pvt. Ltd., the Corporate Debtor. The account of the Corporate Debtor had become NPA on 14.08.2012, and the application under Section 7 of IBC was filed on 20.12.2018. The application was dismissed by the Adjudicating Authority on the basis that the claim was time-barred. The appellant argued that the execution of mortgage would help in extending the period of limitation. The Adjudicating Authority observed that the Limitation Act is applicable to applications filed under Section 7 and 9 of the Code from the inception of the Code, and Article 137 of the

Corporation Bank filed an appeal against the dismissal of its application under Section 7 of the Insolvency and Bankruptcy Code, 2016 (IBC). The application was filed as a Financial Creditor against Uluberia Metaliks Pvt. Ltd., the Corporate Debtor. The account of the Corporate Debtor had become NPA on 14.08.2012, and the application under Section 7 of IBC was filed on 20.12.2018. The application was dismissed by the Adjudicating Authority on the basis that the claim was time-barred. The appellant argued that the execution of mortgage would help in extending the period of limitation. The Adjudicating Authority observed that the Limitation Act is applicable to applications filed under Section 7 and 9 of the Code from the inception of the Code, and Article 137 of the