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of <h1>Supreme Court of India Rules Limitation Period Suspended During Insolvency Proceedings Under IBC Section 60(6.</h1> The Supreme Court of India addressed the interplay between the Insolvency and Bankruptcy Code (IBC) and the Limitation Act in a case involving a contract between a municipal council and a company. The court ruled that the period of limitation is suspended during insolvency proceedings under the IBC, as per Section 60(6), despite arguments to the contrary. This decision underscores the principle that during insolvency, the management shifts to a Resolution Professional, and the focus remains on resolving insolvency rather than engaging in litigation. The ruling affirms that limitation periods resume only after insolvency proceedings conclude.
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