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SC: Delay in Filing CIRP Application Can be Condoned on Giving Sufficient Reasons - (05 Jan 2023)

INSOLVENCY

Supreme Court while observing that Limitation Act, 1963 is applicable to applications filed under Sections 7 and 9 of IBC, has held that delay in initiating Corporate Insolvency Resolution Process (CIRP) is condonable on sufficient grounds.

Tags : SUPREME COURT   CIRP   DELAY   CONDONE  

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