Art. 137 of the Limitation Act gets attracted to applications filed under Ss. 7 and 9 IBC. The right to sue accrues when a default occurs, and if that default has occurred over three years prior to the date of filing of an application under S. 7 IBC, the application would be barred under Art. 137 of the Limitation Act.
(2021) 7 SCC 352 [Reliance Asset Reconstruction Co. Ltd. v. Hotel Poonja International (P) Ltd.,]