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Tag Archive for "limitation-period-of-debt" -

CentrikBlogsLimitation Period of Debt

Tag: Limitation Period of Debt

Relief for Creditors – NCLAT paves way for extending the period of limitation

Posted by Amar VivekPosted on August 8, 2020September 23, 20200 CommentsCategories Debt Recovery Management, Insolvency & Bankruptcy Code 2016, Legal AdvisoryTags Appeal Filed against the order by NCLT Mumbai Bench, CIRP as an Operational Creditor under IBC, Issue of Limitation, Limitation Period of Debt, Longstanding Opertaional Debt, Operational debt, Period of Limitation, Recovery of long-standing Operational Debt, Relief for Creditors

The limitation period cannot be extended, given the statutory provision under Section 19 of the Limitation Act as the Corporate Debtor has made part payment after expiration of the period of limitation.

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