https://www.taxtmi.com/highlights?id=52629 Initiation of CIRP - Period of limitation - here is an acknowledgment of Debt by the Principal Borrower but also the Corporate Debtor on 27.5.15 & 8.12.18 respectively.The object of specifying time limit for limitation is undoubtedly based on ‘Public Policy’.The application projected before the Adjudicating Authority(NCLT) Kolkata Bench, on 13.2.19 is well within limitation and not barred by Limitation. en-us Mon, 30 Mar 2020 10:13:53 +0530 Mon, 30 Mar 2020 10:13:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=52629 Initiation of CIRP - Period of limitation - here is an acknowledgment of Debt by the Principal Borrower but also the Corporate Debtor on 27.5.15 & 8.12.18 respectively.The object of specifying time limit for limitation is undoubtedly based on ‘Public Policy’.The application projected before the Adjudicating Authority(NCLT) Kolkata Bench, on 13.2.19 is well within limitation and not barred by Limitation. Highlights Insolvency and Bankruptcy Mon, 30 Mar 2020 10:13:53 +0530 https://www.taxtmi.com/highlights?id=52629