TMI BlogMaintainability of application - initiation of CIRP - Corporate Debtor failed to make repayment of its...Maintainability of application - initiation of CIRP - Corporate Debtor failed to make repayment of its debt - Whether the debt is beyond 3 years from the date of declaration of the amount of corporate debt as NPA in 2013. -In our considered view, such plea stands on no legs for the simple reason that the default which has been shown in the balance sheet of financial year-ended 31-3-2018 is not running from March 2013 or earlier. ..... X X X X Extracts X X X X X X X X Extracts X X X X
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