Initiation of CIRP - Period of limitation - date of NPA to be ...
Insolvency and Bankruptcy
August 17, 2023
Initiation of CIRP - Period of limitation - date of NPA to be taken as date of default or not - the period of limitation would be attracted from the date when the default occurs and not from the date of declaration of NPA. Therefore, the date of NPA cannot be taken to be the date of default for the purpose of limitation. - AT
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