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Indian Laws - Highlights / Catch Notes

Home Highlights September 2019 Year 2019 This

Recovery of Debt - time limitation - proceedings to recover the ...

Indian Laws

September 25, 2019

Recovery of Debt - time limitation - proceedings to recover the NPA under the IBC Act - NCLT applied Article 62 of the limitation act - the NCLT wrongly reached the conclusion that since the limitation period was 12 years from the date on which the money suit has become due, the aforesaid claim was filed within limitation and hence admitted the Section 7 application. - SC

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