NCLT admits CIRP application despite 14-year-old default due to ongoing default, SICA suspension, and balance sheet acknowledgment.

Initiation of CIRP - Period of limitation - Date of default / NPA is 14 years old - ongoing default of the corporate debtor under the NCD Facility and suspension of the legal proceedings under SICA and acknowledgment made under the Balance Sheet - NCLT rightly admitted the application - AT .....

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