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2019 (8) TMI 268 - NATIONAL COMPANY LAW APPELLATE TRIBUNAL, NEW DELHIAdmissibility of petition - it is alleged that the claim of the Bank and the date of default both are barred by limitation - HELD THAT:- The ‘I&B Code’ having come into force since 1st December, 2016 and the application having been filed on 24th October, 2018, the application under Section 7 is well within the time and is not barred by limitation - Further, as the default has occurred after notice issued on 13th November, 2015 and application having been filed on 24th October, 2018, the claim is also not barred by limitation. The impugned order dated 25th February, 2019 upheld - appeal dismissed.
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