NCLT: Suspended Directors Who are Prospective Resolution Applicants Cann’t Access Valuation Reports  ||  Supreme Court Clarifies Test For Granting Bail to Accused Added at Trial under Section 319 CrPC  ||  SC: Fresh Notification For Vijayawada ACB Police Station not Required After AP Bifurcation  ||  SC: Studying in a Government Institute Does Not Create an Automatic Right to a Government Job  ||  NCLT Mumbai: CIRP Claims Cannot Invoke the 12-Year Limitation Period For Enforcing Mortgage Rights  ||  NCLAT: Misnaming Guarantor as 'Director' in SARFAESI Notice Doesn't Void Guarantee Invocation  ||  Jharkhand HC: Mere Breach of Compromise Terms by an Accused Does Not Justify Bail Cancellation  ||  Cal HC: Banks Cannot Freeze a Company's Accounts Solely Due To ROC Labeling a 'Management Dispute'  ||  Rajasthan HC: Father’s Rape of His Daughter Transcends Ordinary Crime; Victim’s Testimony Suffices  ||  Delhi HC: Judge Who Reserved Judgment Must Deliver Verdict Despite Transfer; Successor Can't Rehear    

SC: Enforcement date of IBC Wholly Irrelevant to Triggering of any Limitation for Applications - (03 Oct 2019)

INSOLVENCY

Supreme Court has observed that the enforcement date of the Insolvency and Bankruptcy Code, 2016 does not and cannot form a trigger point of limitation for applications filed under the Code. The Court observed that since applications are petitions which are filed under the Code it is Article 137 of the Limitation Act, 1963 which will apply to such applications.

Tags : SC   IBC  

Share :        

Disclaimer | Copyright 2026 - All Rights Reserved