https://www.taxtmi.com/caselaws?id=767527 The Supreme Court declined to interfere with an order rejecting proceedings under the Insolvency and Bankruptcy Code, 2016, and dismissed the appeal. It preserved the appellant's liberty to pursue recovery of the claimed amount by filing a civil suit within the stipulated period. If such a suit is filed, the Trial Court may consider any application for condonation of delay under the Limitation Act, 1963. The Court also clarified that observations made in the impugned insolvency order will not govern the suit, which must be decided independently on the evidence on record. en-us Fri, 07 Mar 2025 00:00:00 +0530 Wed, 19 Mar 2025 16:11:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=767527 The Supreme Court declined to interfere with an order rejecting proceedings under the Insolvency and Bankruptcy Code, 2016, and dismissed the appeal. It preserved the appellant's liberty to pursue recovery of the claimed amount by filing a civil suit within the stipulated period. If such a suit is filed, the Trial Court may consider any application for condonation of delay under the Limitation Act, 1963. The Court also clarified that observations made in the impugned insolvency order will not govern the suit, which must be decided independently on the evidence on record. Case-Laws IBC Fri, 07 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=767527