Initiation of CIRP - period of limitation - NCLT admitted the ...

Insolvency and Bankruptcy

September 10, 2022

Initiation of CIRP - period of limitation - NCLT admitted the application - The time is not the essence of contract with regard to sale of immovable property, unless there are special features and terms and conditions in the contract, which makes the time as essence of the contract - the right to sue accrued to Respondent for breach of Clause-10 of the MoU dated 25.01.2013 on 25.07.2013, thereafter on 25.01.2016 and the application filed on 06.11.2020 is clearly barred by time. - AT

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Initiation of CIRP - period of limitation - NCLT admitted the ...

Insolvency and Bankruptcy

September 10, 2022

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