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IBC - Highlights / Catch Notes

Home Highlights February 2022 Year 2022 This

Initiation of CIRP - Period of limitation - A final letter was ...

Insolvency and Bankruptcy

February 7, 2022

Initiation of CIRP - Period of limitation - A final letter was addressed by the appellant to the Proprietary Concern on 27 February 2017, demanding the payment on or before 4 March 2017. The Proprietary Concern replied to this letter on 2 March 2017, finally refusing to make re-payment to the appellant. Consequently, the application under Section 9 will not be barred by limitation. - SC

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