Initiation of CIRP - date of default - period of limitation - the Bank could not produce any evidence to...

The initiation of the Corporate Insolvency Resolution Process (CIRP) involved issues regarding the date of default and the period of limitation. The bank failed to provide evidence of any written acknowledgment signed by the appellant that could extend the limitation period. The only document referenced was the appellant's reply to a notice under Section 13(2) of the SARFAESI Act, 2002, which lacked any clear acknowledgment to extend the limitation period. .....

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