https://www.taxtmi.com/article/detailed?id=12297 A recovery certificate issued by a Debts Recovery Tribunal is deemed a decree and creates a fresh cause of action enabling the certificate-holder to initiate Corporate Insolvency Resolution Process under Section 7 of the Code. As a deemed decree the recovery certificate has independent enforcement character affecting limitation and forum choice; the doctrine of election does not preclude opting for CIRP after issuance, but acknowledgements or settlement communications must be characterized before they can revive limitation. Composite claims based on multiple certificates should be tested and, if necessary, segregated. en-us Wed, 07 Feb 2024 10:06:15 +0530 Wed, 07 Feb 2024 10:06:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=12297 A recovery certificate issued by a Debts Recovery Tribunal is deemed a decree and creates a fresh cause of action enabling the certificate-holder to initiate Corporate Insolvency Resolution Process under Section 7 of the Code. As a deemed decree the recovery certificate has independent enforcement character affecting limitation and forum choice; the doctrine of election does not preclude opting for CIRP after issuance, but acknowledgements or settlement communications must be characterized before they can revive limitation. Composite claims based on multiple certificates should be tested and, if necessary, segregated. Articles Corporate Laws / IBC / SEBI Wed, 07 Feb 2024 10:06:15 +0530 https://www.taxtmi.com/article/detailed?id=12297