Machhar Polymer Pvt. Ltd. (Operational Creditor/Petitioner) supplied polymers to Sabre Helmets Pvt. Ltd. (Corporate Debtor). The Petitioner raised two invoices: one dated 31.07.2014 for ₹3,57,160 and another dated 16.09.2014 for ₹2,49,184. The Corporate Debtor failed to make payments. The Petitioner issued a Section 8 Notice on 10.06.2017 under the IBC. The Petitioner filed a petition under Section 9 of the IBC on 22.08.2017. By the time the petition was filed, the invoice dated 31.07.2014 was time-barred under the Limitation Act. The Petitioner argued that since the Section 8 notice was issued when both invoices were within limitation, the entire claim should be considered within limitation. The court noted that the Corporate Debtor did not appear in the proceedings.

Machhar Polymer Pvt. Ltd. (Operational Creditor/Petitioner) supplied polymers to Sabre Helmets Pvt. Ltd. (Corporate Debtor). The Petitioner raised two invoices: one dated 31.07.2014 for ₹3,57,160 and another dated 16.09.2014 for ₹2,49,184. The Corporate Debtor failed to make payments. The Petitioner issued a Section 8 Notice on 10.06.2017 under the IBC. The Petitioner filed a petition under Section 9 of the IBC on 22.08.2017. By the time the petition was filed, the invoice dated 31.07.2014 was time-barred under the Limitation Act. The Petitioner argued that since the Section 8 notice was issued when both invoices were within limitation, the entire claim should be considered within limitation. The court noted that the Corporate Debtor did not appear in the proceedings.