The period from 14.03.2021 till further orders shall also stand excluded the periods of limitation for instituting proceedings, outer limits (within which the court or tribunal can condone delay) and termination of proceedings – SC

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The words ‘to secure the ends of justice’ in Section 482 cannot mean to overlook the undermining of a statutory dictate, which in this case is the provisions of Section 14, and Section 17 of the IBC – Sandeep Khaitan, RP For National Plywood Industries Ltd. Vs. JSVM Plywood Industries Ltd. & Anr. – SC

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Whether an entry made in a balance sheet of a corporate debtor would amount to an acknowledgement of liability under Section 18 of the Limitation Act – Summary of Supreme Court in Asset Reconstruction Company (India) Limited Vs. Bishal Jaiswal & Anr.

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Whether an entry made in a balance sheet of a corporate debtor would amount to an acknowledgement of liability under Section 18 of the Limitation Act – Asset Reconstruction Company (India) Limited Vs. Bishal Jaiswal & Anr. – SC

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Whether after approval of Resolution Plan by the Adjudicating Authority a creditor including the Central Government, State Government or any local authority is entitled to initiate any proceedings for recovery of any of the dues from the Corporate Debtor, which are not a part of the Resolution Plan approved by the adjudicating authority? – Ghanashyam Mishra and Sons Pvt. Ltd. Vs. Edelweiss Asset Reconstruction Company Ltd. -SC

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Whether after approval of Resolution Plan by the AA a creditor including the Government is entitled to initiate any proceedings for recovery of any of the dues from the Corporate Debtor, which are not a part of the Resolution Plan approved by the AA – Ghanashyam Mishra and Sons Pvt. Ltd. Through The Authorized Signatory Vs. Edelweiss Asset Reconstruction Company Ltd. Through The  Director & Ors.  – SC

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It is duty of the Adjudicating Authority to allow the Applicant to complete the application or cure the defect before taking up the matter for consideration in regard to admission or otherwise of application under Section 9 – Chandralekha Constructions Pvt. Ltd Vs. Khandelwal Group Pvt. Ltd. – NCLAT New Delhi

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Whether an action under Section 7 of the Code can be initiated by the Bank against a Corporate Person (being a Corporate Debtor) concerning Guarantee offered by it in respect of a loan account of the Principal Borrower, who had committed default and is not a Corporate Person within the meaning of the Code? – Summary of Supreme Court decision in Laxmi Pat Surana Vs. Union Bank Of India & Anr.

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Even if an application under Section 8 of the Arbitration Act, 1996 is filed, the Adjudicating Authority has a duty to advert to contentions put forth on the application filed under Section 7 of IBC, examine the material placed before it by the financial creditor and record a satisfaction as to whether there is default or not – Indus Biotech Private Limited Vs. Kotak India Venture (Offshore) Fund & Ors. – SC

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Whether an action under Section 7 of the Code can be initiated by the Bank against a Corporate Person (being a Corporate Debtor) concerning Guarantee offered by it in respect of a loan account of the Principal Borrower, who had committed default and is not a “Corporate Person” within the meaning of the Code? – Laxmi Pat Surana Vs. Union Bank Of India & Anr.  – SC

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