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2019 (9) TMI 711 - SUPREME COURT
Admissibility of application - initiation of CIRP - Repayment of loan granted - cause of limitation continuing - applicability of time limitation - Section 23 of the Limitation Act.
HELD THAT:- It is clear that when the Recovery Certificate dated 24.12.2001 was issued, this Certificate injured effectively and completely the appellant’s rights as a result of which limitation would have begun ticking - his being the case, and the claim in the present suit being time barred, there is no doubt that is due and payable in law.
Appeal allowed.
