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IBC - Highlights / Catch Notes

Home Highlights December 2022 Year 2022 This

Initiation of CIRP - Period of limitation - Financial Creditors ...

December 23, 2022

Case Laws     Insolvency and Bankruptcy     AT

Initiation of CIRP - Period of limitation - Financial Creditors - The material on record shows that the Corporate Debtor has been consistently acknowledging its debt from 31.03.2010 onwards by way of letters in Restructuring Packages, and also by way of communication the Appellant/Financial Creditor for Restructuring, apart from the liability being shown in the Balance Sheets. - The Section 7 Application is not barred by Limitation - AT

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