https://www.taxtmi.com/highlights?id=53496 Time Limitation - CIRP process - A suit for recovery is a separate and independent proceeding distinct from the remedy of winding-up and therefore the contention of the Learned Counsel appearing for the Respondents/ Financial Creditor that the period spent while pursuing SARFAESI Proceedings should extend the period of limitation, cannot be sustained, as the intent of the Court is not to give a new lease of life to the debt which is already time barred. en-us Tue, 26 May 2020 13:23:03 +0530 Tue, 26 May 2020 13:23:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=53496 Time Limitation - CIRP process - A suit for recovery is a separate and independent proceeding distinct from the remedy of winding-up and therefore the contention of the Learned Counsel appearing for the Respondents/ Financial Creditor that the period spent while pursuing SARFAESI Proceedings should extend the period of limitation, cannot be sustained, as the intent of the Court is not to give a new lease of life to the debt which is already time barred. Highlights Insolvency and Bankruptcy Tue, 26 May 2020 13:23:03 +0530 https://www.taxtmi.com/highlights?id=53496