TMI BlogInitiation of CIRP - Period of limitation - It cannot be gainsaid that the Respondent/Financial...Initiation of CIRP - Period of limitation - It cannot be gainsaid that the Respondent/Financial Creditor, after considering the proposal of the Appellant for ‘One Time Settlement’ through its letter dated 19.02.2018 granted said settlement in and by which the ‘Corporate Debtor’ was required to pay ₹ 2 Crores as against its liability of ₹ 17.12 Crores as on 01.12.2015. As such it is crystalline clear that the new contract had come into play on 19.02.2018 and further that the Applicati..... ..... X X X X Extracts X X X X X X X X Extracts X X X X
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