2022 (5) TMI 391

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..... rh and thereafter, the National Company Law Appellate Tribunal, Principal Bench, New Delhi have rightly taken the view that the application as moved by the present appellant under Section 7 of the Insolvency and Bankruptcy Code, 2016 ( the Code ) was barred by limitation. Time and again, it has been expressed and explained by this Court that the provisions of the Code are essentially intended t .....

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..... r. Adv. Mr. Anoop Prakash Awasthi, AOR Mr. P. Singh, Adv. For Respondent(s) None O R D E R Having heard learned counsel for the appellant and having perused the material placed on record, we are satisfied that the National Company Law Tribunal, Chandigarh Bench, Chandigarh and thereafter, the National Company Law Appellate Tribunal, Principal Bench, New Delhi have rightly taken the .....

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..... al and the Appellate Tribunal appears to be a plausible view of the matter on the given set of facts and circumstances of this case and, therefore, we are not inclined to interfere. Time and again, it has been expressed and explained by this Court that the provisions of the Code are essentially intended to bring the corporate debtor to its feet and are not of money recovery proceedings as such. .....

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