NCLT Admits IDBI Bank’s Petition, initiates CIRP against Wind World Infrastructure for Default of over ₹55 Crore [Read Order]
The National Company Law Tribunal (NCLT), held that the petition filed by IDBI Bank was within the period of limitation, as the Corporate Debtor had acknowledged the debt in its audited balance sheets for multiple financial years. Each such acknowledgment, under Section 18 of the Limitation Act, 1963, was construed to have extended the limitation…

