Adjudicating authority: Debt Recovery Tribunal governs individual and firm insolvency and moratorium pauses limitation periods. Section 179 designates the Debt Recovery Tribunal as the Adjudicating Authority for insolvency matters of individuals and partnership firms, with territorial jurisdiction where the debtor resides, carries on business, or personally works for gain, and empowers the Tribunal to entertain suits, claims and priority questions arising under the Code. It further provides that the period of any moratorium ordered under the relevant Part must be excluded in computing limitation periods for suits or applications filed in the debtor's name.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Adjudicating authority: Debt Recovery Tribunal governs individual and firm insolvency and moratorium pauses limitation periods.
Section 179 designates the Debt Recovery Tribunal as the Adjudicating Authority for insolvency matters of individuals and partnership firms, with territorial jurisdiction where the debtor resides, carries on business, or personally works for gain, and empowers the Tribunal to entertain suits, claims and priority questions arising under the Code. It further provides that the period of any moratorium ordered under the relevant Part must be excluded in computing limitation periods for suits or applications filed in the debtor's name.
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