Back
NATIONAL COMPANY LAW TRIBUNAL
Shri. Rajeev Bhardwaj, J, Shri. Sanjay Puri, T
D.Srinivas Rao – Appellant
Versus
M/s.STRESSED ASSETS STABILIZATION FUND (SASF) – Respondent
| Table of Content |
|---|
| 1. fundamental facts of the insolvency case. (Para 1) |
| 2. arguments regarding limitation challenges. (Para 2) |
| 3. counterarguments by the respondent. (Para 3) |
| 4. points of determination raised by the court. (Para 4 , 5 , 6) |
| 5. applicant's arguments regarding limitation. (Para 9 , 10 , 11) |
| 6. court's observations on the extension of limitation. (Para 12 , 18 , 21 , 24) |
| 7. clarification on the applicability of limitation periods. (Para 13 , 14 , 15) |
| 8. acknowledge of debt by the applicant. (Para 26 , 27 , 28) |
| 9. context of prior proceedings affecting limitation. (Para 30 , 31 , 32) |
| 10. conclusion on the dismissal of the application. (Para 35) |
ORDER
Date of Order: 14.09.2023
The Financial Creditor, M/S Stressed Assets Stabilization Fund has filed petition under Section 95 (2) Section 60 (2) of the Insolvency and Bankruptcy Code 2016 (herein-after-referred to as the IBC) read with Rule 7(2) of the Insolvency and Bankruptcy (Application to Adjudicating Authority for Insolvency Resolution Process for Personal Guarantors to Corporate Debtors) Rules, 2019 to initiate Insolvency Resolution Process against the Personal Guarantor (herein-after- referred to as the Applicant) of the Corporate
An indispensable Tool for Legal Professionals, Endorsed by Various High Court and Judicial Officers
Please visit our Training & Support
Center or Contact Us for assistance
Scan Me!
India’s Legal research and Law Firm App, Download now!
For Daily Legal Updates, Join us on :
Back to top
