https://www.taxtmi.com/caselaws?id=431251 Limitation in liquidation proceedings excludes the moratorium period under Section 60(6) of the Insolvency and Bankruptcy Code, with Article 137 of the Limitation Act applying to the liquidator's recovery claim; on that basis, the claim was treated as within time. A purported discharge through inter-company transfer under a tripartite arrangement was not proved by reliable records or consent of the corporate debtor, so the alleged settlement did not defeat recovery. The liquidator was permitted to pursue outstanding dues before the Adjudicating Authority to avoid multiplicity of proceedings and support liquidation value maximisation, and the recovery claim was sustained. en-us Mon, 05 Dec 2022 00:00:00 +0530 Fri, 09 Dec 2022 10:48:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=431251 Limitation in liquidation proceedings excludes the moratorium period under Section 60(6) of the Insolvency and Bankruptcy Code, with Article 137 of the Limitation Act applying to the liquidator's recovery claim; on that basis, the claim was treated as within time. A purported discharge through inter-company transfer under a tripartite arrangement was not proved by reliable records or consent of the corporate debtor, so the alleged settlement did not defeat recovery. The liquidator was permitted to pursue outstanding dues before the Adjudicating Authority to avoid multiplicity of proceedings and support liquidation value maximisation, and the recovery claim was sustained. Case-Laws Insolvency and Bankruptcy Mon, 05 Dec 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=431251