Admissibility of application filed under CIRP during pendency of ...

Insolvency and Bankruptcy

October 18, 2021

Admissibility of application filed under CIRP during pendency of the proceeding of SARFAESI Act, 2002 - extension of period of limitation as per section 18 of Limitation Act, 1963 - Non-furnishing of information by the Financial Creditor at the time of filing an Application under Section 7 of the Code need not necessarily entail in dismissal of the Application. Instead, an opportunity can be provided to the Financial Creditor till the admission/rejection of petition to provide additional information required for the satisfaction of the Adjudicating Authority with respect to the occurrence of the default - AT

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Admissibility of application filed under CIRP during pendency of ...

Insolvency and Bankruptcy

October 18, 2021

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