https://www.taxtmi.com/highlights?id=53282 Initiation of CIRP - Time limitation - notwithstanding the fact that the Corporate Debtor has not raised the issue of limitation and in effect abandoned the plea before the Adjudicating Authority, it is obligatory upon this Appellate Tribunal to examine the issue of limitation, determination whereof has a bearing on the claim itself. If the claim is barred by limitation, the debt will cease to be recoverable and it will not be payable in law or in fact. en-us Mon, 04 May 2020 17:17:50 +0530 Mon, 04 May 2020 17:17:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=53282 Initiation of CIRP - Time limitation - notwithstanding the fact that the Corporate Debtor has not raised the issue of limitation and in effect abandoned the plea before the Adjudicating Authority, it is obligatory upon this Appellate Tribunal to examine the issue of limitation, determination whereof has a bearing on the claim itself. If the claim is barred by limitation, the debt will cease to be recoverable and it will not be payable in law or in fact. Highlights Insolvency and Bankruptcy Mon, 04 May 2020 17:17:50 +0530 https://www.taxtmi.com/highlights?id=53282