2023 (5) TMI 343

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....s) Mr. Dama Seshadri Naidu, Sr. Adv. Mr. Kumar Sudeep, AOR For Respondent(s) Mr. Debal Kumar Banerjee, Sr. Adv. Mr. Anand Sanjay M Nuli, Adv. Mr. Suraj Kaushik, Adv. Mr. Nanda Kumar K B, Adv. Ms. Akhila Wali, Adv. Mr. Shiva Swaroop, Adv. Mr. Dharm Singh, Adv. M/S. Nuli & Nuli, AOR ORDER Feeling aggrieved and dissatisfied with the impugned judgment and order dated 17-03-2021 passed by the ....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... which gave rise to the appellant to initiate the proceedings under Section 9 of the IBC before the NCLT. The NCLT considering the starting point of limitation as 12.03.2011 held that the claim is barred by limitation. However, the NCLT did not take into consideration the subsequent invoices at least preceding three years from the date of filing of Section 9 application, which ought to have been c....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ve and for the reasons stated hereinabove, the present appeal succeeds. The impugned judgment and order(s) passed by the NCLT and that of the NCLAT dismissing/rejecting application under Section 9 of the IBC on the ground that the claim is barred by limitation are hereby quashed and set aside and now the matter is remitted to the NCLT to consider Section 9 application afresh in accordance with law....