Supreme Court: Spouse Cannot Withdraw Consent for Mutual Divorce After Settlement Agreement  ||  Supreme Court Suspends PC Act Sentence of Former Minister Anosh Ekka, Flags Overlapping CBI Cases  ||  Supreme Court: Magistrate’s Probe Order Can’t be Quashed on Accused’s Defence  ||  Delhi High Court: No Adverse Inference if Handwriting Sample Refused Without Section 73 Disclosure  ||  J&K&L HC: Bank Officials Not Entitled to Section 197 CrPC Protection Despite Public Servant Status  ||  Kar HC Orders CBI Probe into 53-Acre Land Acquisition, Citing Alleged Monumental Fraud & Conspiracy  ||  Supreme Court Grants Probation to Convicts; Rules Fine-Only Cases Also Eligible  ||  SC Disposes Plea on Allied Health Course Moratorium After NCAHP Issues 2026–27 Guideline  ||  Supreme Court Grants Promotion Relief to Employee Denied Relaxation, Calling it Discrimination  ||  Patna HC: Tender Lapses if Not Extended on Time & Delay Cannot be Cured by Repeated Representations    

NCLAT: Limitation Period Applicable to Application Filed by Financial Creditor - (16 Mar 2020)

LIMITATION

National Company Law Appellate Tribunal has reversed the order of the National Company Law Tribunal, Ahemdabad holding that the order of admission of an application filed by Bank of India as the financial creditor, under Section 7 of the Insolvency & Bankruptcy Code, 2016 (IBC) was time-barred, reiterating that the limitation period in Section 137 of the Limitation Act, 1963 applies to applications under Sections 7 and 9 of IBC.

Tags : NATIONAL COMPANY LAW APPELLATE TRIBUNAL   LIMITATION ON APPLICATION BY FINANCIAL CREDITOR  

Share :        

Disclaimer | Copyright 2026 - All Rights Reserved