2021 (1) TMI 1256

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....bsp;VIRENDRA KUMAR GUPTA, MEMBER (TECHNICAL) Mr. A. S. Panesar, for the Operational Creditor. Mr. Kunal P. Vaishnav, for the Corporate - Debtor. ORDER [Per: Madan B. Gosavi, Member (Judicial)] (Through Video Conferencing) M/s. Advance Engineering Services - the Operational Creditor filed this application against the Corporate Debtor, M/s. Baroda Rayon Corporation Ltd. to start Co....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....dgement dated 21.10.2015 (Exhibit- G). The Operational Creditor filed this application under assumption that it will get the benefit of Section 18 of Law of Limitation to initiate the Corporate Insolvency Resolution Process against the Corporate Debtor. 4. Bare reading of provisions of Section 18, Law of Limitation shows that such acknowledgement of debt must be within three (03) years from the....