The Supreme Court’s pro-insolvency stance continues. With three recent rulings in a period of one month, the Supreme Court has clearly indicated that, so far as possible within the contours of the Limitation Act, a debt will continue to be alive and an action basis such debt will be maintainable under the Insolvency and Bankruptcy Code, 2016 (“Insolvency Code”) against a defaulting borrower.
Continue Reading Limitation Act is to be made applicable ‘as far as may be possible’ to Insolvency Code

Tuhin Dey
Associate in Dispute Resolution practice at Delhi office of Cyril Amarchand Mangaldas. He can be reached at tuhin.dey@cyrilshroff.com.