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    <title>2022 (5) TMI 1123 - Supreme Court</title>
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    <description>Section 60(6) of the Insolvency and Bankruptcy Code requires exclusion of the entire moratorium period from limitation for any suit or application by or against a corporate debtor. The statutory language is unqualified, and the exclusion is not confined to proceedings barred under Section 14. The insolvency scheme, including the role of the resolution professional and the continuation of the corporate debtor during CIRP, does not justify narrowing that exclusion. As a result, limitation for a corporate debtor&#039;s application under Section 11(6) of the Arbitration and Conciliation Act must be computed after leaving out the full moratorium period.</description>
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    <pubDate>Wed, 27 Apr 2022 00:00:00 +0530</pubDate>
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      <title>2022 (5) TMI 1123 - Supreme Court</title>
      <link>https://www.taxtmi.com/caselaws?id=422863</link>
      <description>Section 60(6) of the Insolvency and Bankruptcy Code requires exclusion of the entire moratorium period from limitation for any suit or application by or against a corporate debtor. The statutory language is unqualified, and the exclusion is not confined to proceedings barred under Section 14. The insolvency scheme, including the role of the resolution professional and the continuation of the corporate debtor during CIRP, does not justify narrowing that exclusion. As a result, limitation for a corporate debtor&#039;s application under Section 11(6) of the Arbitration and Conciliation Act must be computed after leaving out the full moratorium period.</description>
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