Roma Infrastructures India Pvt. Ltd. (Appellant) filed an application under Section 9 of the I&B Code against A.S. Iron & Steel (I) Pvt. Ltd. (Respondent). The application was rejected by an order dated 23.01.2019. Roma Infrastructures had advanced Rs. 74,32,326/- to A.S. Iron & Steel for the supply of goods. The goods were not supplied. The Respondent argued that the claim was barred by limitation as the goods were to be supplied in 2014. The key fact is that Roma Infrastructures did not supply goods or services to A.S. Iron & Steel, but rather advanced payment for goods to be supplied by A.S. Iron & Steel.

Roma Infrastructures India Pvt. Ltd. (Appellant) filed an application under Section 9 of the I&B Code against A.S. Iron & Steel (I) Pvt. Ltd. (Respondent). The application was rejected by an order dated 23.01.2019. Roma Infrastructures had advanced Rs. 74,32,326/- to A.S. Iron & Steel for the supply of goods. The goods were not supplied. The Respondent argued that the claim was barred by limitation as the goods were to be supplied in 2014. The key fact is that Roma Infrastructures did not supply goods or services to A.S. Iron & Steel, but rather advanced payment for goods to be supplied by A.S. Iron & Steel.