Insolvency process - Limitation Act is applicable to ...
Insolvency and Bankruptcy
October 15, 2018
Insolvency process - Limitation Act is applicable to applications filed under Sections 7 and 9 of the Code - The right to sue accrues when a default occurs. If the default has occurred over three years prior to the date of filing of the application, the application can be rejected unless condoned in deserving cases.
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