CIRP Application Time Barred By Limitation Cannot Be Revived By Issuing Demand Notice u/s 8 IBC: NCLAT [Read Order]
The National Company Law Appellate Tribunal (NCLAT), Principal Bench, New Delhi, has held that a Corporate Insolvency Resolution Process (CIRP) application that is barred by limitation under Section 9 of the Insolvency and Bankruptcy Code, 2016, cannot be revived by the mere issuance of a demand notice under Section 8. The Appellate Tribunal has dismissed…

