2024 (4) TMI 566

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....nt : 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 Court dated 16 January 2024, while reco....

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....ate 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 as that the balance sheets of the corporate debt....

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....r 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 the recovery certificate. 4. The NCLAT while affirming....