This judgment covers: A. The reason for the introduction of Section 238A into the Code. B. The Limitation Act will apply on transfer of proceedings under Section 434 of the Companies Act, 2013. C. Does NCLT decide applications made to it under IBC in the same manner as it exercises its other jurisdiction under the Companies Act? D. Debt, Due, Default and Financial and Operational Debt. E. Section 238A which was inserted w.e.f. 06.06.2018, is retrospective or prospective? F. Conclusion.