Initiation of CIRP - corporate guarantor - Period of limitation ...

Case Laws Insolvency and Bankruptcy

March 30, 2021

Initiation of CIRP - corporate guarantor - Period of limitation - A fresh period of limitation is required to be computed from the date of acknowledgment of debt by the principal borrower from time to time and in particular the (corporate) guarantor/corporate debtor vide last communication dated 08.12.2018. Thus, the application under Section 7 of the Code filed on 13.02.2019 is within limitation. - SC

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Initiation of CIRP - corporate guarantor - Period of limitation ...

Case Laws Insolvency and Bankruptcy

March 30, 2021

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