TMI BlogSeeking dismissal of the application filed under Section 7 of the IBC - barred by limitation or not -...Seeking dismissal of the application filed under Section 7 of the IBC - barred by limitation or not - The date of declaration of the loan account as NPA is 31.05.2011. - Long litigation history including proposal for rescheduling of loan etc. - Further communications between the parties, respondent No. 2 agreed for settlement of its dues under OTS vide letter dated 22.04.2016. It was thereafter that application under Section 7 of IBC was filed before NCLT in the year 2018, to be precise on 29.10..... ..... X X X X Extracts X X X X X X X X Extracts X X X X
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