NCLT Applies 3 Years Limitation [Read Order]
In a recent ruling, the National Company Law Tribunal (NCLT) Mumbai Bench has held that the 12‑year limitation period under Article 62 of the Limitation Act for mortgage enforcement does not apply to claims filed in a Corporate Insolvency Resolution Process (CIRP). The case arose from the rejection of BSEL Algo’s claim of ₹22.94 crore…

