2024 (4) TMI 566

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.... CHANDRA SHARMA For the Appellant : Mr. Balbir Singh, Sr. Adv. Mr. Sandeep Bajaj, Adv. Mr. Naman Tandon, Adv. Mr. Devansh Jain, Adv. Ms. Vasudha Chadha, Adv. Mr. Soayib Qureshi, AOR Mrs. Radha Gupta, Adv. For the Respondent : Mr. Sanjay Kapur, AOR Mr. Surya Prakash, Adv. Mrs. Shubhra Kapur, Adv. Ms. Mahima Kapur, Adv. Ms. Divya Singh Pundir, Adv. ORDER 1. In the earlier order of this C....

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.... was stated that the account of the Corporate Debtor became a Non- Performing Asset on 30 April 2014, which is the first date of default when the cause of action arose. However, it has been stated in paragraphs 3 and 5 of the application for amendment that: "3. The petitioner/applicant has made a categoric statement that the petition has been filed within the period of limitation inasmuch....

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.... the Hon'ble Supreme Court of India. A copy of the order dated 10th January, 2022 is annexed hereto and market with the letter A." It is clear from the amendment that the case of the respondent is that though the first default arose on 30 April 2014, the petition under Section 7 is not barred by limitation in view of the subsequent events including the acknowledgements in the balance sheets and....