Initiation of CIRP - Corporate Debtor failed to make repayment ...

Corporate Debtor's Insolvency Process Initiated; Guarantors' Acknowledgment Alters Limitation Period Under Limitation Act Sections 18 & 19.

May 14, 2021

Case Laws Insolvency and Bankruptcy AT

Initiation of CIRP - Corporate Debtor failed to make repayment of its dues - time limitation - the guarantor(s) on 20.02.2018 had executed ‘Balance and Security Confirmation Letters’ in respect of the account of Corporate Debtor in respect of the ‘Term Loan Facility’, which clearly point out that there was an ‘Acknowledgement of Debt’, in terms of Section 18 and 19 of the Limitation Act, 1963. - AT

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Initiation of CIRP - Corporate Debtor failed to make repayment ...

Corporate Debtor's Insolvency Process Initiated; Guarantors' Acknowledgment Alters Limitation Period Under Limitation Act Sections 18 & 19.

May 14, 2021

Case Laws Insolvency and Bankruptcy AT

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