https://www.taxtmi.com/highlights?id=58341 Enforcement of a claim - time barred debt or not - The Applicant, in the present case, would not be in a position to approach the Civil Court by way of a suit for recovery of money, as the claim amount admittedly falls beyond the prescribed period of limitation and thereby by filing the present Application under Section 60(5) of IBC, 2016, cannot seek to enforce a claim, which is time barred as per the provisions of the Limitation Act, 1963 on the date of initiation of the CIRP itself. - Tri en-us Sat, 12 Jun 2021 12:22:24 +0530 Sat, 12 Jun 2021 12:22:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=58341 Enforcement of a claim - time barred debt or not - The Applicant, in the present case, would not be in a position to approach the Civil Court by way of a suit for recovery of money, as the claim amount admittedly falls beyond the prescribed period of limitation and thereby by filing the present Application under Section 60(5) of IBC, 2016, cannot seek to enforce a claim, which is time barred as per the provisions of the Limitation Act, 1963 on the date of initiation of the CIRP itself. - Tri Highlights Insolvency and Bankruptcy Sat, 12 Jun 2021 12:22:24 +0530 https://www.taxtmi.com/highlights?id=58341