Corporate insolvency resolution process amended with expanded disclosure, guarantor asset transfer rules, and new dissolution and restoration procedur...
Page of 4809
Press 'Enter' after typing page number.
2541 to 2560 of 96177 Results
❮
❯
❯❯
0 / 200
Expand Note
Add to Folder
No Folders have been created
+
Are you sure you want to delete "My most important" ?
HC ruled that the period from 13th March 2018 to 26th November 2019 shall be excluded in computing the limitation period for suit filing under Section 14 of Limitation Act, 1963. The court found the IBC proceedings were bona fide, noting operational creditors routinely file such proceedings due to corporate debtor's potential inability to satisfy debts. The defendant could not challenge the plaintiff's good faith in initiating IBC proceedings, and no assertion was made that such proceedings could not be maintained. The exclusion of this time period was consequently permitted, effectively extending the limitation timeline for the suit's filing.
HC ruled that the period from 13th March 2018 to 26th November 2019 shall be excluded in computing the limitation period for suit filing under Section 14 of Limitation Act, 1963. The court found the IBC proceedings were bona fide, noting operational creditors routinely file such proceedings due to corporate debtor's potential inability to satisfy debts. The defendant could not challenge the plaintiff's good faith in initiating IBC proceedings, and no assertion was made that such proceedings could not be maintained. The exclusion of this time period was consequently permitted, effectively extending the limitation timeline for the suit's filing.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4809 
Join Channel 
