Section 7 IBC Limitation Runs from Date of NPA; IRP’s Admission Not Acknowledgment: Supreme Court Sets Aside CIRP Admission
The Supreme Court of India has set aside the orders of the National Company Law Appellate Tribunal (NCLAT) and the National Company Law Tribunal (NCLT) admitting a corporate insolvency process, clarifying that the period of limitation for a Section 7 application under the Insolvency and Bankruptcy Code (IBC) must be reckoned from the date the…

