ICAI recognised that the Court’s declaration that the 25-year threshold was arbitrary and unconstitutional matches CAs with advocates in tribunal eligibility criteria, since the Court had previously struck down a similar 25-year minimum for advocates.

The tribunal ruled that the limitation under Article 137 of the Limitation Act applies to Section 9 applications, and the right to apply accrued from the last invoice dated 07.11.2016. It further clarified that unilateral interest claims cannot be added to inflate debt beyond the threshold unless contractually agreed.

The tribunal ruled that the limitation under Article 137 of the Limitation Act applies to Section 9 applications, and the right to apply accrued from the last invoice dated 07.11.2016. It further clarified that unilateral interest claims cannot be added to inflate debt beyond the threshold unless contractually agreed.