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2019 (10) TMI 1320 - SC - Insolvency and BankruptcyAdmissibility of petition - Initiation of CIRP - Corporate Debtor unable to repay the amount - Non Performing Asset - whether the application under Section 7 of the I&B Code was barred by limitation and, if not, whether the claim of the Banks was barred by limitation to hold that there is no debt payable in the eyes of law? - HELD THAT:- The NCLAT will now re-examine the question of limitation having regard to the judgments in B.K. Educational Services Private Limited vs. Parag Gupta and Associates, [2018 (10) TMI 777 - SUPREME COURT] as well as Sagar Sharma and Another [2019 (10) TMI 224 - SUPREME COURT] applying Article 137 of the Limitation Act, as expeditiously as possible. Appeal allowed.
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