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2019 (5) TMI 1680 - AT - Insolvency and BankruptcyMaintainability of application - Section 7 of I&B Code - initiation of CIRP - debt and default by Corporate Debtor - HELD THAT:- The question whether the claim is barred by limitation to see that there is no debt payable in law, we hold that the claim of ARCIL is not barred by limitation, as the assignment deed was made in favour of ARCIL on 28.3.2014 which was declared invalid by DRT, Ahmedabad by an order dated 10.6.2016 and thereafter having revived pursuant to Hon’ble Gujarat High Court order. The Corporate Debtor offered three settlement proposals for payment of debt on 24.2.2015, 29.4.2015 and 26.6.2015 to ARCIL. Appeal dismissed.
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